The US issued guidance last week and will restrict Chinese companies and battery components from receiving electric vehicle tax credits starting next year. Commerce Department spokesman He Yadong said that the US government issued implementation rules for the electric vehicle subsidy policy of the “Inflation Reduction Law”, which discriminates against Chinese companies and excludes the products of Chinese enterprises from the scope of subsidies, which is a typical “non-market-oriented policy and practice.” The US side's discriminatory subsidy policy as described above violates the basic principles of the WTO, seriously disrupts international trade and investment, and undermines the stability of the global industrial chain supply chain. Currently, many WTO members, including China, have expressed serious concerns about these policies at the WTO Council on Trade in Goods and other forums. (Ministry of Commerce)