A War Worth Losing

21 Aug

A looming trade war over “renewable energy”?

Monday’s announcement said U.S. government subsidies to wind, solar and hydro projects in Washington state, Massachusetts, Ohio, New Jersey and California acted as a barrier to imports but gave no details. It called on the U.S. government to give Chinese renewable energy products “fair treatment.”

The Chinese probe was launched last November two weeks after Washington said it would investigate whether Beijing is inappropriately subsidizing its own makers of solar panels, allowing them to flood the U.S. market with low-priced products and hurt American competitors. The Commerce Ministry said it was acting on complaints by trade groups for Chinese producers of clean energy technology that said they were hurt by the U.S. policies.

The “winner” of this war will get exactly what they deserve…

Europe is involved too as in July the EU was asked to raise tariffs on Chinese solar cells – are only set to get worse as every nation attempts to unilaterally centrally plan and promote their own suppliers in the hopes of generating higher-paid jobs.

Zero Hedgs, WaPo/AP

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