At the November 2022 meeting of the WTO's Council for Trade in Goods, for which the minutes were recently circulated, several issues related to trade with China were raised for the first time (including U.S. subsidies on clean energy and semiconductors), and various other previously raised issues

Chinese electric car giant BYD is investing US$290 million to build a lithium cathode factory in Chile, after securing raw materials at a discount from local suppliers.

Last week, the U.S. House Ways and Means Committee held a hearing on "The U.S. Tax Code Subsidizing Green Corporate Handouts and the Chinese Communist Party."

Last week, the Beijing High People's Court issued a final ruling on a civil case brought against Tesla for a fraudulent sale. The Court sustained the rulings of the lower courts, which ordered Tesla to refund 379,700 yuan to the consumer, and pay 1.14 million yuan

At a WTO Committee on Subsidies and Countervailing Measures meeting last October, China asked questions about two major U.S. subsidy measures, related to electric vehicles and semiconductors. The U.S. recently provided responses.

Recent months have seen announcements from Chinese battery and electric vehicle company BYD Co Ltd about new investments in both Brazil and Thailand.

Under the U.S. Inflation Reduction Act (IRA) signed into law this year, tax credits are available for purchases of electric vehicles, but they are subject to various conditions related to the place of assembly of the product and the national origin of its components. Chinese electric vehicle producer BYD