China escalates WTO case against IRA measures to dispute panel

China will request that the World Trade Organization establish a dispute panel to assess whether certain U.S. measures under the Inflation Reduction Act accord with WTO rules, escalating a case it initiated in March, Beijing announced on Monday. Beijing requested consultations with Washington, the first step in a WTO dispute, over five IRA tax credits – the electric vehicle credit and four related to renewable energy. On Monday, China’s Ministry of Commerce said the consultations had “failed to resolve the...