Last week, the U.S. Department of Commerce made its first determinations involving transnational subsidies under new regulations that allow these subsidies to be countervailed, in four linked cases on solar products. These determinations could eventually lead to litigation in U.S. courts or at the WTO on this issue.

A U.S. Commerce Department investigation that will apply new transnational subsidy rules for the first time is underway, with Commerce asking the Chinese government for details about its subsidies in the solar sector related to production in Cambodia, Malaysia, Thailand, and Vietnam. The Chinese government has now responded.

A new IMF paper tries to quantify Chinese subsidies and their effects, and ties them to the debate on "overcapacity."

China's Ministry of Commerce (MOFCOM) announced today that it had requested that the World Trade Organization (WTO) set up a panel to hear its claim that subsidies for new energy vehicles provided under the U.S. Inflation Reduction Act (IRA) violate a number of WTO obligations.

At a Council on Foreign Relations event today, Under Secretary of the Treasury for International Affairs Jay Shambaugh offered comments on "Chinese Overcapacity and the Global Economy."

A U.S. Commerce Department investigation that will apply new transnational subsidy rules for the first time is underway, with Commerce asking the Chinese government for details about its subsidies in the solar sector related to production in Cambodia, Malaysia, Thailand, and Vietnam.

The spokesperson for China's Ministry of Commerce said today that the agency is now reviewing a domestic petition for a trade barrier investigation on the EU’s Foreign Subsidies Regulation (FSR) investigations.