Brussels plans to counter Chinese and U.S. subsidies

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Brussels plans to counter Chinese and U.S. subsidies
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Brussels is looking to crack down on non-EU governments such as China and the U.S. when they grant subsidies of more than €200,000 to companies that operate in Europe's single market

Brussels is looking to crack down on non-EU governments such as China and the United States when they grant subsidies of more than €200,000 to companies that operate in Europe's single market.

The document explicitly draws that parallel, arguing that companies outside the EU have enjoyed an unfair advantage by not having to comply with the bloc's strict state aid rules. Brussels says the new tools would merely close that "regulatory gap."

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