The 30,000 jobs lost figure comes from a hypothetical exercise assuming that if tariffs are imposed on Southeast Asian solar panels, the full cost of the tariffs will be passed onto panel purchasers and raise the price of panels. All the evidence from the past decade proves this is not the case. When tariffs were … Read More
China “distorts the markets with blanket subsidies, illegal dumping, intellectual property theft, and currency manipulation,”’ Khanna said. “The U.S. needs to work with our allies to pursue a broad WTO dispute case,” he said. “One hurdle is that the current dispute settlement process cannot litigate in key China-related areas that are not adequately covered by … Read More
Chairman Smith also said that the IRA allowed companies, namely large electric utility companies, to use its tax breaks to pay for solar products imported from SE Asia. Almost all of the Southeast Asian solar exporters are Chinese multinationals, including JA Solar and Longii, both of which are setting up shop in Arizona and Ohio, … Read More
The House Ways and Means committee voted Wednesday, with Democratic support, to advance to the floor a bill that would undo a two-year Biden administration pause on duties as high as 254% that threatened to paralyze the US solar industry — and place companies on the hook for retroactive duties estimated to be more than … Read More
“They have the scale and capacity beyond what we have at this point. We might be more creative and experimental, but ultimately the question is who can run with what they design and who can fully leverage their technological capabilities,” said Elsa Kania, Adjunct Senior Fellow, Technology and National Security Program at the Center for … Read More
The promised benefits of free trade fell short, especially for the middle class. As a result of trade agreements, the trade deficit not only increased drastically, but the manufacturing sector of the economy was hollowed out along with good paying jobs. It is estimated that 3.7 million jobs have been lost to China alone. This … Read More
A lot changed when President Trump left the White House in 2021 and President Biden moved in. But one thing didn’t: a protectionist effort to bring more production back to the United States and become less dependent on China. Biden’s policy toward China differs from Trump’s, but the goal is the same: To rework supply … Read More
The Domestic Market Share Index (DMSI) was up 1.3% in 2022 from the third quarter, reflecting a slowdown in imports at the end of the year. For the entire year, the index increased 0.3 percentage points from the previous year. After imports surged in 2021 and the first three quarters of 2022, imports stabilized in … Read More
China’s toy industry is facing uncertain factors such as slowing global demand and rising protectionism. To achieve long-term sustainable development, Chinese-made toys need to be “more high-end, intelligent and eco-friendly,” she added. Despite the challenges, the export value of China’s toys amounted to $48.36 billion in 2022, an increase of 5.6 percent year-on-year, partially due … Read More
Japan’s decision to join the US and Netherlands in restricting exports of chipmaking gear to China is giving the allies powerful new weapons to deploy in the escalating technology war. Japan’s trade ministry said last week that suppliers of 23 types of chip technology will need government approval to export to countries including China as early as … Read More
