Subsidy clubs?

Alan Beattie in the Financial Times considers whether a “subsidy club” of like-minded economies would work and be WTO-consistent, while France ties EV subsidy grants to climate friendly production, per Electrive. The Wall Street Journal finds that foreign companies are the biggest winners in US climate spending and that China is planning investments in countries with US FTAs to take advantage of US EV incentives.

Mentioned publications

A subsidy club to restrain rich-world handouts to China – Alan Beattie, Financial Times, October 2, 2023
Would a “subsidy club” constitute a WTO-consistent approach while allowing allies to maintain good trade relations?
France: New environmental bonus could push out imported EVs – Electrive, September 20, 2023
France is tying EV subsidies to climate friendly production processes.
The Biggest Winners in America’s Climate Law: Foreign Companies – The Wall Street Journal, July 20, 2023
Companies based overseas are involved in project accounting for over 60% of spending.
Chinese EV Suppliers Plan Side Doors Into U.S. Market – The Wall Street Journal, October 12, 2023
China makes use of existing US trade agreements to access US incentives.