Trade war looming as China rebukes US support for solar
By Bloomberg News
China’s allegation that renewable- energy subsidies in five US states violate
free-trade rules ratchets up a potentially costly trade war between the world’s
two largest economies.
“It’s a long, slow escalation of trade and currency wars as we race to the
bottom,” said Theodore O’Neill, an analyst with Wunderlich Securities Inc. of
New York.
Programs supporting renewable power, including wind and solar, in Washington
state, New Jersey, Massachusetts, Ohio and California, violate World Trade
Organization policies and trade treaties, according to a preliminary finding of
an investigation posted yesterday on the website of China’s Ministry of
Commerce. China filed a complaint today at the WTO over US procedures for
calculating anti-subsidy duties on imports.
Those announcements followed a preliminary decision by the US Commerce
Department last week to impose tariffs of as much as 250 percent on imports of
Chinese solar cells. The agency said the units were being sold for less than the
cost of production in an attempt to drive out domestic competition.
http://www.boston.com/businessupdates/2012/05/25/trade-war-lo...
- Ronzo 2012/05/31 19:23:16 (edited)
Tainted Chinese Imports Common occurrence in USA and world wide. Web address: http://www.washingtonpost.com... the Chinese have no concern on safety as we have experienced in the past. I personally try to avoid buying China junk. I did buy black rubber tarp bungee straps,in 3 months they were cracked dried out crap. I have some old ones I bought 20 years ago, made in the USA and they are still good no cracks. I would just as soon stop buying from China altogether, cheap labor Materials. Hey let's have the Chinese build a new Air Force one or our next space rocket, oh wait Obama cut NASA space budget and Military. I hope Mitt Romney will CHANGE and undo the Obamanation Obama brought on this country. We don't need China and we don't need terrorists like the ones who rioted in Los Angeles, killing robbing, breaking and entering, let's Change the direction we been headed the last 30 years and especially the last 3.5 years. Obama has done nothing to force China to clean up it's act until just lately and that's because of his reelection bid.reply
