New York (CNN) -The US government has many ways to focus financial support in large and small companies, supports research and development, expands its operation, hires and pays staff. We are competing in the market. On Tuesday evening, almost all means of these financial support were in the air.
The Trump administration tried to freeze the federal subsidy and loan program on Monday night.
Later, late Tuesday, the Federal judge blocked the movements performed for the “open award”, which had already been approved until Monday, and further created uncertainty.
And if there is one thing that a company hates, it is uncertain. But it is the best they have at least for a while.
The Trump administration’s movements were confused and confused by non -profit organizations, local governments, universities, and other federal recipients. However, companies that are spreading in all states are also dependent on government subsidies and loan programs, literally hiring millions of workers using billions of dollars. 。
Whether the spigot is at risk of being turned off due to the freezing of the Trump administration for the federal government and the loan program, and even before the judge’s ruling, it is possible to organize it on Tuesday. It was difficult. But obviously there are many danger.
The Federal Management Bureau has issued a two -page memo that “temporary suspension of agency subsidies, loans, and other financial support programs” late on Monday. The memo seemed to be clear that the Trump administration was trying to do it with money, and probably clarified that it would continue and probably want to increase the help of companies.
“Financial assistance needs to focus on promoting management priority. We release American energy and manufacturing,” says a statement.
Clean energy efforts on the cross line
However, some support for companies is clearly on the government’s cross line. The memo says, “The use of federal government resources … Green New Deal Social Engineering Policy is a waste of taxpayers who do not improve the daily lives of us.”
There is nothing like “Green New Deal”. The effort to pass it in 2019 during the Trump administration failed. However, the Clean Energy Project won a large financial lift in 2022, when Congress passed the inflation reduction method. In many cases, President Donald Trump won the “red” state, which contained a loan to support the construction of an electric vehicle factory and battery factories, which are expected to create thousands of employment. The previously announced loan status is not clear even before the court decision on Tuesday evening.
DOE has reported that it has provided funds to the “innovative clean -energy project and advanced technical vehicle manufacturing facilities throughout the United States”, worth $ 46.9 billion from the end of the latest fiscal year in September.
For example, Blueoval SK, a joint venture between Ford and South Korea’s battery maker SK, received a $ 9.6 billion loan used to build three EV battery plants. Each factory is expected to hire 2,500 workers. One of the Kentucky plants and Tennessee plants will start production in the second half of this year.
However, Blueoval SK Spokesman did not answer the question whether the “pause” announced on Monday is at risk of this or other federation.
Starplus Energy, a joint venture of STELLANTIS, a car manufacturer who builds a car under the Samsung SDI, Jeep, Dodge, and Chrysler brand, is also closed to build two lithium -ion battery cells and module manufacturing plants. It has a $ 7.5 billion loan. Cocomo, Indiana. He also stated that he could not answer questions from CNN about the status of the loan.
However, federal government’s financial support is important for American automakers who are trying to compete with Chinese automobile companies, which have received large -scale support from their governments to strengthen the domestic electric vehicle industry. last year.
“Countries around the world are actively moving to lead the development and development of these emerging automotive technology,” he said to CNN that he had maintained a letter to CNN. The letter from the alliance was mentioned. “The United States must do as much as possible to protect competitiveness in global markets and secure an equal competition for unfair trade, technology and subsidies.”
The group has pointed out that the Chinese automotive industry is currently producing about 10 million EVs and plug -in hybrids, almost the same as all passenger cars made in American automotive factories.
Loan to large and small companies
It is not only the Ministry of Energy that supports American clean energy efforts. Small and medium -sized enterprises, the Ministry of Commerce’s economic development agencies, and export banks are the federal governments that provide or support funds for loans used to provide funds for foreign clients. We talk about clean energy loans in the year -end report. For last year.
In any of these institutions, the CNN comments from Tuesday, prior to the decision of the court about how they or other financial support for companies they serve or other financial support are affected by subsidies and loan freezing. I didn’t respond to the request.
SBA provided $ 56 billion in SMEs and disaster collision communities in FY2024, ending in September, creating more than 100,000 business loans at the time. In addition to focusing on last year’s clean energy loans, loan programs for women and minority companies are emphasized. It is clear whether these programs are also dangerous because the OMB statement has also specified the DEI program, diversity, fairness, and inclusion program as the DEI program or what you want to take root in this current frozen. there is no.
Many federal governments are sent to the industry with a much more political support. For example, the 2022 BI Party Chips Law has approved an additional $ 11 billion to support R & D to the manufacturing incentives to support the construction or expansion of 16 US semiconductor factories. I did.
Programs that provide loans or subsidies to US companies are construction, hospitality, sightseeing, agricultural, traditional energy companies, healthcare, that is, to various companies in various industries representing the US economy core components. We provide most support. A large and small manufacturer.
At a White House press conference on Tuesday, Trump’s director, Caroline Levit, was asked for a way to calculate salary calculations, Rus Vortit, OMB, is the OMB representative, Las Vortit. The government agency considers the policy in that case because the subsidy or loan is “necessary” to see if it is “along with the president’s agenda”.
Capitol Hill’s Democratic Party members say that the money for these programs is assigned by Congress, and the administration feels about the program, but has no unilateral power to block it. I immediately opposed it.
Since the Trump administration has established a position as a pro business, it is not clear how long it will suffocate all subsidies and loan programs that have been flowing to companies for a long time. Programs that should be useful for the development of clean energy or give a preference to minority groups are probably the most dangerous. However, even those of them may be restored, especially if they are used to build factories and create employment in red states.
However, as of Tuesday, it is much more uncertain than answering companies that made strategic decisions based on the expectations of continuous support.
CNN’s REBEKAH Ries has contributed to this report.
CNN wire
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