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WIRED contacted Huawei to ask about its potential role in the subsidies. Huawei did not comment in time for publication. One of the earliest subsidies appeared online in March, when the Commerce Bureau of Shenzhen Longgang District—the district where Huawei’s headquarters are located—posted that local car buyers can get up to 4,000 RMB (about $560) … Read more
Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images Shares of Tesla were under pressure on Tuesday after President Donald Trump said in a late … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has suggested the US government should examine any subsidies handed out to Elon Musk’s business empire, claiming that “big money” could be saved. In a post on his Truth Social platform … Read more
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Customers browse children’s clothing at a wholesale store in Chongqing, China, on March 1, 2025. Cheng Xin | Getty Images News | Getty Images BEIJING — Among the top five priorities China has laid out for boosting consumption is child care subsidies. It’s an effort to tackle the country’s rapid drop in births, while freeing … Read more
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