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South Korea to review WTO complaint over U.S. 'Inflation Reduction Act' – Industry Minister

SEOUL (Reuters) – South Korea will review whether to file a complaint with the World Trade Organization (WTO) over a U.S. inflation-cutting bill, arguing that the new law could violate South Korea’s industry minister, said on Monday. , WTO rules and bilateral free trade agreements.

U.S. President Joe Biden signed a law last week to exclude electric vehicles (EVs) assembled outside North America from the U.S. tax credit.

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