U.S.: China blocking ‘progress’ by advancing WTO dispute over IRA

The U.S. on Friday blocked China’s first request to establish a World Trade Organization dispute panel to assess a handful of Inflation Reduction Act tax credits, arguing that Beijing is attempting to “prevent progress” on climate change and “entrench” its own dominance in related sectors achieved through unfair non-market policies. At a Dispute Settlement Body meeting on Friday, China requested the establishment of a panel, which the U.S. blocked. Washington cannot block a second request, which is likely to come...