EU President Charles Michel has urged China to change its practices to resolve a growing tariff dispute with the EU, warning of the potential for a full-blown trade war. Michel emphasized the need for a fairer economic relationship, highlighting concerns over China’s generous subsidies to its industries. While hoping for a resolution, he stressed the EU’s commitment to defending its citizens and businesses from unfair competition.
Elon Musk, known for his outspoken criticism of government intervention, has once again expressed his frustration over what he perceives as unfair subsidies given to competitors of his companies, SpaceX and Tesla. He specifically pointed out the substantial financial support received by Telesat’s Lightspeed satellite network project in Canada, while his own Starlink, which offers similar services, receives no subsidies. Musk also criticized government funding for electric vehicle charging infrastructure, suggesting that despite significant investments, such projects have failed to compete with Tesla’s own supercharger network. He further emphasized that SpaceX’s success is despite, not because of, government subsidies, highlighting his company’s ability to innovate and deliver results without relying on public funds.
