WTO faults US in dispute brought by China over clean energy subsidies

The World Trade Organization has faulted the United States in a dispute brought by China over US green energy subsidies introduced under former US president Joe Biden, according to a ruling issued on Friday. The global trade body’s dispute panel said that large tax credits granted under Biden’s landmark climate law, the Inflation Reduction Act (IRA), were “inconsistent” with several WTO agreements and should be withdrawn. That law, which was signed by Biden in 2022, was the largest climate...