US appeals WTO ruling in dispute by China over clean energy subsidies

In its ruling last month, the global trade body's dispute panel said that large tax credits granted under former president Joe Biden's landmark climate law, the Inflation Reduction Act (IRA), were "inconsistent" with several WTO agreements and should be withdrawn. That law, signed by Biden in 2022, was the largest climate investment in US history but it has been dramatically eroded since President Donald Trump came to power last year. China launched its dispute at the WTO in March 2024, accusing...