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That's right. The govt is looking to slap a 31% tariff on Chinese made solar panels. As many recall, U.S. solar panel production was supposed to be the next big thing for the U.S. economy. Of course, like all those other things we used to make, the Chinese started making it, and cheaper. Looks like someone wants that work back... Trade wars don't have a good history for the United States, or the world in general. If the Chinese started slapping tariffs on all the goods they sell to us though, they would loose their competitive price advantage, and they are loosing work to even cheaper labor nations in the face of rising labor costs. Could get very interesting, very quickly. Grab a seat and some popcorn, it's on!
That's right. The govt is looking to slap a 31% tariff on Chinese made solar panels. As many recall, U.S. solar panel production was supposed to be the next big thing for the U.S. economy. Of course, like all those other things we used to make, the Chinese started making it, and cheaper. Looks like someone wants that work back...
I am not so sure that is the Solar folks who want this as much as the Coal and other Fossil Generation folks. Coal has been taking a HUGE hit this last year. In the long run fossil generation and Nukes are the ones hurt by Cheap Solar and Renewables.
While Coal has been collapsing and overall Electric Power use has been down through The Great Recession, Renewables have been expanding. Long term that translates to huge market share numbers -- all internal to US -- that are being fought over.
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Trade wars don't have a good history for the United States, or the world in general.
jmho, THAT does not appear to be what is going on. A small tariff was discussed at the start . . . then somebody, somewhere REALLY stomped on the gas for this.
This is barely about Tariffs, let alone overall trade. If the same Tariff's were instead applied to Plastic Pumpkins and the rest of the crap at Walmart (. . . Sells US Out for Less), that may make a difference for a trade balance. Same on Oil. But that is not what is going on here.
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If the Chinese started slapping tariffs on all the goods they sell to us though, they would loose their competitive price advantage, and they are loosing work to even cheaper labor nations in the face of rising labor costs.
I guess maybe you stated that backwards or are confused on Mercantilism?
China, as a Military-Mercantilism country would not be inclined to place a Tariff on its exports. Exports produce income and wealth for them. As Military-Mercantilists, they would have a Tariff on imports into China. And they do.
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Could get very interesting, very quickly. Grab a seat and some popcorn, it's on!
Election year politics and Corporate Cronyism for the Fossil Fuel and Nuke industry is what I see.
China, as a Military-Mercantilism country would not be inclined to place a Tariff on its exports. Exports produce income and wealth for them. As Military-Mercantilists, they would have a Tariff on imports into China. And they do.
Election year politics and Corporate Cronyism for the Fossil Fuel and Nuke industry is what I see.
Yes, I did get that backwards. Hard to imagine what I wrote made sense at 5:00 AM
We're already in a trade war with China. Only that its a one sided war with us being on the losing end. The Chinese recently slapped massive tariffs on GM vehicles to force GM to move their production from the U.S. to China. It worked successfully for them. GM will be shipping the jobs overseas. This is just another example of the Chinese cheating to grow their economy.
History also shows that nations that run large, persistant trade and current accounts deficits always experience a financial crisis. See U.S. in 2008, Greece today, and most of Asia in the 1990's. In fact, the U.S. is bordering on measures that would predict another financial crisis. Those countering this argument will point to the 1930s. This is completely bogus as trade was such an insignificant part of the economy (exports made up 0.25%) at that time. We've also significantly increased on international trade this last decade while experiencing the worst economic results in years. I'd welcome countermeasures to bring U.S. in balance.
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