News Snapshot:
China Threatens Legal Action Over U.S. Proposal to Make EV Batteries Here China’s Ministry of Commerce says it will take action against the U.S. if the country goes ahead with its plan to withdraw EV subsidies on the basis of foreign supply and production. What that action would be remains unclear, but China says it will actively protect its legal interests from the Inflation Reduction Act, which it calls a “discriminatory” U.S. law, according to Bloomberg. The vague legal threat comes on the heels of last week, when a Chinese ambassador issued a “warning” to the U.S. over a proposal...
