All articles tagged with #industrial strategy
The UK government announced a 10-year industrial strategy aimed at reducing energy costs for over 7,000 businesses by exempting them from certain green energy levies, potentially lowering bills by up to 25%, and supporting economic growth through various measures including skills development, innovation funding, and sector-specific plans.
U.S. Treasury Secretary Janet Yellen announced that the U.S. and China will engage in "intensive exchanges" to address American concerns about Beijing's economic model and trade practices, particularly regarding manufacturing overcapacity and subsidies for green technologies. The talks aim to create a structured dialogue to find a way forward that avoids conflict and will also cover issues such as balanced economic growth and combating money laundering. Yellen also mentioned the possibility of tariffs in response to China's heavily subsidized manufacturing of green energy products, as the U.S. seeks to boost its domestic manufacturing capabilities and maintain national security.