US Treasury issues interim rules to limit Chinese influence in clean energy tax credits

The Treasury issued interim rules for clean energy tax credits today. These guidelines restrict federal subsidies for companies using Chinese-made components.

The U.S. Treasury Department has published interim rules to implement provisions of President Donald Trumps' tax law that disqualify companies from claiming federal clean energy tax credits if they are overly reliant on goods manufactured in China CNCN. These rules, which cover tax credits for both clean energy manufacturing and electricity generation, are intended to provide clarity for businesses operating within the United States USUS.
The Treasury Department is pictured in Washington, U.S., April 25, 2021. REUTERS/Al Drago
The Treasury Department is pictured in Washington, U.S., April 25, 2021. REUTERS/Al Drago
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