China ready to take action against US anti-inflation law
Similarly, a spokesperson for the European Commission said the European Union “will take necessary measures to protect its interests”. is very globalized,” he said, adding that the law could be bad for both countries because their interests are “intertwined”. for example, BMW i4 uses batteries from Chinese company CATL and South Korean company Samsung SDI.
Clearly, China’s sentiments on this issue are not meant to incite violence. China, EU, Japan and South Korea do not want some kind of trade cold war. They simply state that the United States is formally part of the international community and that members of the World Trade Organization are prohibited from applying tax codes “to imports or domestic products to protect domestic production.” I just want the United States to recognize it. A multilateral trade agreement document signed by the United States.
https://carbuzz.com/news/china-ready-to-take-action-against-usas-inflation-reduction-act China ready to take action against US anti-inflation law