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Trump directs Treasury to limit wind and solar tax credits

UNITED STATES, JUL 8 – The order aims to end taxpayer subsidies for green energy tied to foreign adversaries, tightening eligibility rules and risking a 7% drop in solar company share prices, analysts said.

  • On July 7, 2025, President Donald Trump signed a directive instructing the Treasury Department to terminate federal subsidies for wind and solar energy projects in the United States.
  • This order follows the 2022 Inflation Reduction Act's establishment of green energy subsidies and aims to strictly enforce their phase-out to address national security and grid reliability concerns.
  • The Department of Energy reported on July 8, 2025, that shuttering reliable power plants without sufficient replacement risks increasing blackouts by 100 times by 2030, highlighting a shortfall in firm baseload capacity.
  • Trump criticized the federal government for making Americans bear the financial burden of supporting costly and intermittent energy sources, which has led to reliance on foreign-controlled supply chains and unfairly impacted the public.
  • The executive order signals a shift to energy addition supporting affordable, reliable sources, while clean energy advocates warn it may hinder emission reduction efforts and global competitiveness.
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Newsmax broke the news in Washington, United States on Monday, July 7, 2025.
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