Tag #Government Subsidies

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Tata Steel Faces Financial Crisis, Sparking Debate Over Green Steel Subsidies

Tata Steel in IJmuiden is facing a €556 million loss and potential job cuts due to cheap Chinese steel and high energy costs, prompting calls for urgent government subsidies to avoid the loss of thousands of jobs and facilitate a transition to green steel production, but the viability of this transi...

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Moreno to Eliminate EV Tax Credit, Citing Market Forces

Senator-elect Bernie Moreno aims to eliminate the $7,500 electric vehicle tax credit, arguing against government intervention in the auto industry and citing softening consumer demand for EVs; this contrasts with some senators who see the credit as essential for competing with China.

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