China

US Senate, passing Trump bill, bars energy tax credits for China-linked firms

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The US Congress is poised to bar companies with ties to China from gaining clean energy tax credits – a move that critics warn could jeopardise dozens of planned projects and freeze investment in a sector already struggling to decouple from the country.After an overnight series of amendment votes, the Senate on Tuesday passed its version of the One Big Beautiful Bill Act – which would also remove the decades-old “de minimis” trade rule that allows low-value packages to avoid duties and rigorous...




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Category: China