Can the EU’s Foreign Subsidy Regulation ‘Discipline’ U.S. Subsidies?

Authors

• Reuven S. Avi-Yonah, University of Michigan Law SchoolFollow
• Jennifer Farrell, University of Western Ontario Faculty of Law
• Domenico Imparato, University of California, Berkeley

Document Type

Article

Publication Date

2-2026

Abstract

Stress Test for Anti-Subsidy Rules Recently, globalization has taken a markedly different turn in the form of renewed prominence of state intervention in the economy and a resurgence of industrial policy favoring domestic firms. Even the emergency measures deployed during the COVID-19 pandemic cannot serve as a reliable benchmark: These were primarily aimed at keeping businesses afloat or preventing foreign acquisitions through financial assistance (for example, domestic handouts) or “golden power” regulations.

Comments

Reprinted with the permission of Tax Analysts.

Recommended Citation

Avi-Yonah, Reuven S., Jennifer Farrell, and Domenico Imparato. "Can the EU's Foreign Subsidy Regulation 'Discipline' U.S. Subsidies?" Tax Notes International 121 (2026).