Wednesday, March 19, 2014

China and U.S. Solar Trade Agreement

In this article, China and the U.S. have had mayor disagreements with the transportation of solar panel materials from one country to another. Recently, China had finalized their tariffs and duties against the U.S. polysilicon suppliers. China is sticking to their original proposal to provide an antidumping penalty of 53-57 percent on a roster of US suppliers, and 2-49 percent on a smaller list of South Korean suppliers, all in effect for five years starting January 20.These long months of trying to settle an agreement has tarnished the profit margins of these companies in China producing these particular material. This article has some substantial detail of  the ongoing debate and to sum it up, both parties a negatively affected by not coming to terms with a solution. I can  agree with both sides and think that is China is more reasonable with  the amount of tariff they want to charge to the U.S. Editor James Montgomery believes that, "Any U.S. companies importing solar products or components need to make sure their suppliers are participating if they are called upon -- if they don't they'll likely be hit with big penalties, and the importing company will be fully liable".  Montgomery stresses on this alarming neglect by the U.S. when this whole debate began.  This whole debate is a little fuzzy to me because this prolonged debate is not only affecting both the U.S. and China's economy, it also affects the workers and business corporations. 

http://www.renewableenergyworld.com/rea/news/article/2014/01/us-china-solar-trade-update-another-battle-or-a-path-to-peace


1 comment:

  1. I find it funny how China never wants to do anything green. They probably emit the most greenhouse gasses. Alternative energy is the future, and I think China should be the most concerned with it, considering how polluted some parts are. Anything that can potentially help their growing population should be taken account for.

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