FOX News reports:
China said on Monday that it would impose preliminary anti-subsidy duties on some imports of U.S. solar-grade polysilicon, a move that could intensify trade tensions between the world’s two largest economies.
China’s Commerce Ministry said it would hit U.S. imports of the material used to make solar panels with relatively low duties of up to 6.5 percent, amid trade frictions in the struggling global solar industry.
That follows the ministry’s much heftier anti-dumping duties – used for goods sold below market value – of 53.3 to 57 percent on U.S. polysilicon in July, a move which many saw as a bid to protect China’s struggling domestic industry. Washington called those duties disappointing.
Well, that’s the panda telling the bear to get a shave.
Since solar generation is really a niche tool, everybody should be out of the subsidy business to begin with. China manufactures solar products almost exclusively for export, though: the greenies of the industrial world are shipping jobs and generating pollution in China for an energy source that works poorly in general use. I’d like to say it can’t get any more foolish, but when I say that, it does.
Reblogged this on luvsiesous and commented:
Readers,
China is starting a trade war with the US.
I wonder if Bill Clinton has reminded them lately that he gave them the economy they are now fighting over?
What do you think? Will they tell Bill thank you?
Wayne