President Donald Trump has ordered the elimination of subsidies for green energy sources like wind and solar, citing unsustainability for America's electric grid and reliance on supply chains controlled by foreign adversaries.
Trump signed an Executive Order directing the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities and implement the enhanced Foreign Entity of Concern restrictions each as identified in the One Big Beautiful Bill Act.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.