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Subsidy Wars Heat Up With US Allies Forced to Pay Up or Lose Out

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Subsidy Wars Heat Up With US Allies Forced to Pay Up or Lose Out

  • By Brian Platt, Enda Curran, and Gabrielle Coppola

The US is waging a subsidy war with China in an attempt to maintain its technological lead. The European Union is responding with plans to invest billions of euros in clean energy and semiconductor manufacturing.

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