Chinese State Councilor and Foreign Minister Qin Gang on Friday called on member states of the Shanghai Cooperation Organization (SCO) to uphold strategic independence and deepen security cooperation. The more chaotic and intertwined the international situation is, the more firmly the SCO, as a key constructive force in global and regional affairs, should display the … Read More
Albert Park, chief economist Asian Development Bank, flagged the use of production-linked incentives (PLI) scheme for attracting investments as protectionist, stating India should consider policies that avoid direct subsidies. India can achieve a growth rate of over 8% in the long term based on productivity growth, investments and infrastructure building. Read the article.
“So I want to take this opportunity to be clear, to be absolutely clear: America is not pursuing protectionist trade policies, and any intimation that these programs and legislation are protectionist could not be further from the truth.” As evidence, he cited the sheer magnitude of the Canada-U.S. trade relationship: C$3.25 billion in trade between … Read More
“I’ve fought my whole career to stand up for Ohio manufacturers and Ohio workers when they’re forced to compete with cheap, unfairly subsidized imports – I’m not going to stop now,” said Brown, who went on to argue that the Chinese government would “do anything” to kill the nascent U.S. solar industry, in a statement … Read More
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
