South Korea Accuses United States of Discrimination Over Electric Vehicle Tax Credit, Considers Legal Action

The Inflation Reduction Act (IRA) has been the instrumentality of the onshore for little than 2 weeks, but it’s already harming relations betwixt the United States and its allies. On Aug. 10, South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) sent a letter to the U.S. Trade Representative, stating that definite sections successful the IRA perchance violated a Korea-U.S. Federal Trade Agreement and World Trade Organization (WTO) rules. However, the Biden medicatio...