Friday, April 27, 2012

Solar Trade War with China Threatens U.S. Jobs, Exports

THE United States and China can still step back from the brink of a trade war that would devastate the solar industry worldwide, destroying thousands of high-paying American jobs and stalling the growth of environmentally friendly renewable energy.

That's the message of the U.S. Commerce Department's recent preliminary decision setting modest tariffs on some solar panels imported from China.

While the decision could have been much more damaging, it's only a shot across the bow. On May 17, the Commerce Department will release a second decision that could place a steeper tariff on some Chinese-made solar products.

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