Ministry of Commerce: China v. US Inflation Reduction Act ruling reflects basic consensus among WTO members
The Ministry of Commerce held a regular press conference on February 5th. A reporter asked, recently the Office of the United States Trade Representative issued a statement regarding the WTO ruling on China's lawsuit against the United States' Inflation Reduction Act. While acknowledging the defeat, it accused the WTO ruling of being wrong and stated that the ruling shows that existing WTO rules cannot solve problems such as "overcapacity". May I ask if the Ministry of Commerce has any comments on this?
The spokesperson of the Ministry of Commerce, He Yadong, said that we have taken note of the relevant statement from the United States. I would like to emphasize once again that the WTO expert group has made an objective and fair ruling on the dispute between China and the United States over the Inflation Reduction Act. This ruling reflects the basic consensus of WTO members, and as a member of the WTO, the US should respect the ruling and abide by the rules.