US Spars With China Over Who Subsidizes Its Industries the Most
- China says US’s IRA is biggest subsidy program ever enacted
- US sees it as key to climate strategy, blocks dispute panel
Employees work on solar photovoltaic modules at a factory in Haian, China.
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The US and China sparred over industrial subsidies at the World Trade Organization on Friday, with Beijing asking to set up a dispute panel to review the Inflation Reduction Act’s tax credits and Washington responding by accusing China of hypocrisy.