Trade body: US distorts global solar market, hampers climate change battle
3 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion to support investments and production in the clean energy sector, including domestic PV products, aiming to reconstruct the PV industry chain…On May 16, 2024, the Department of Energy announced a $71 million investment, including $16 million from the IIJA, to fund the Silicon Solar Manufacturing and Dual-Use Photovoltaics Incubator program and the Advancing US Thin-Film Solar Photovoltaics funding program, aiming to close gaps in PV supply chain manufacturing capabilities," it wrote. Experts and business leaders noted that while subsidies are common in the new energy industry globally, the US strategy of raising external tariffs under the name of anti-subsidy and financially backing local firms is double standard, with an aim to hinder Chinese solar companies from capturing global market share. Although the US has continuously raised trade barriers, it has limited impact on Chinese solar industry as China’s direct exports to the US is relevantly small.

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History of this topic

Solar firms eye options in emerging markets
4 days, 1 hour ago

Solar firms eye options in emerging markets

China Daily  

An employee works at a solar panel production facility in Baotou, Inner Mongolia autonomous region, in May. LI ZHIPENG/XINHUA Chinese solar companies are turning their attention to emerging markets in Indonesia and the Middle East as the United States intensifies trade restrictions on imported photovoltaic products from various regions, analysts said. In early December, the US made a preliminary decision …

US manufacturers are stocking up on imports ahead of tariffs
1 week, 3 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
1 week, 4 days ago

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

Associated Press  

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following …

New solar tariffs to affect US companies
Trending News
2 weeks ago

New solar tariffs to affect US companies

China Daily  

Aerial view of an integrated power generation plant constructed by Shanghai Electric in Dubai, the United Arab Emirates, in September. The United States' preliminary decision to impose anti-dumping tariffs of up to 271 percent on solar products from four Southeast Asian countries could significantly raise procurement costs for US companies and squeeze profit margins for its downstream businesses, aside from …

New solar tariffs to affect US companies
Trending News
2 weeks ago

New solar tariffs to affect US companies

China Daily  

By LIU YUKUN | China Daily | Updated: 2024-12-10 09:33 Aerial view of an integrated power generation plant constructed by Shanghai Electric in Dubai, the United Arab Emirates, in September. The United States' preliminary decision to impose anti-dumping tariffs of up to 271 percent on solar products from four Southeast Asian countries could significantly raise procurement costs for US companies …

Correcting trade imbalance through cooperation
1 month ago

Correcting trade imbalance through cooperation

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, on March 10, awaiting export. To effectively address global trade imbalances, China should use its major player status in the global economy to promote openness and inclusivity, and more actively engage in global economic rule-making, and facilitate WTO reforms, especially in critical areas like subsidies …

Correcting trade imbalance through cooperation
1 month ago

Correcting trade imbalance through cooperation

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, on March 10, awaiting export. To effectively address global trade imbalances, China should use its major player status in the global economy to promote openness and inclusivity, and more actively engage in global economic rule-making, and facilitate WTO reforms, especially in critical areas like subsidies …

'New energy trio' next growth engine for Asia-Pacific
1 month, 1 week ago

'New energy trio' next growth engine for Asia-Pacific

China Daily  

MA XUEJING/CHINA DAILY Chinese-made electric vehicles, lithium batteries and solar photovoltaic products, the "new trio", have been praised and marveled worldwide. This means the Asia-Pacific region can use Chinese new energy products to achieve regional low-carbon transition and boost economic growth and technological advancement, as well as reduce the threat posed by climate change. The Chinese mainland, on its part, …

'New energy trio' next growth engine for Asia-Pacific
1 month, 1 week ago

'New energy trio' next growth engine for Asia-Pacific

China Daily  

MA XUEJING/CHINA DAILY Chinese-made electric vehicles, lithium batteries and solar photovoltaic products, the "new trio", have been praised and marveled worldwide. This means the Asia-Pacific region can use Chinese new energy products to achieve regional low-carbon transition and boost economic growth and technological advancement, as well as reduce the threat posed by climate change. The Chinese mainland, on its part, …

Tycoon drives India’s push against China’s solar-energy dominance
1 month, 2 weeks ago

Tycoon drives India’s push against China’s solar-energy dominance

Live Mint  

AHMEDABAD, India—Gautam Adani, the billionaire founder of one of India’s biggest business conglomerates, lies at the intersection of the country’s clean energy challenge to China. Adani Enterprises, the group’s flagship firm, started manufacturing the wafers and ingots used for making solar-power cells and panels earlier this year, making it India’s first company to do so. But safeguarding the energy supply …

The Impact of Higher Tariffs On Inflation In The U.S. And Global Trade Dynamics
1 month, 2 weeks ago

The Impact of Higher Tariffs On Inflation In The U.S. And Global Trade Dynamics

The Quint  

Understanding Tariffs and Inflation What Are Tariffs? The intent behind tariffs typically includes protecting domestic industries from foreign competition, raising government revenue, and influencing international trade balances. In January 2018, the Trump administration imposed up to 30% tariffs on imported solar panels to protect U.S. manufacturers from foreign competition, particularly from countries like China. This action aimed to promote the …

Why China’s solar boom is a bust for its leading players
1 month, 2 weeks ago

Why China’s solar boom is a bust for its leading players

Live Mint  

XI’AN, China—This should be a shining moment for Longi, one of the biggest makers of solar-power equipment in the world. Zhong said after those costly lessons, Longi came to realize that to do business in the U.S., it needed to build in the U.S. Last year, it became the 49%-owner of a joint venture called Illuminate USA, with Chicago-based renewable …

Chinese companies use Biden’s climate law to expand their solar dominance
1 month, 3 weeks ago

Chinese companies use Biden’s climate law to expand their solar dominance

Politico  

The city’s nonpartisan mayor, Sheila Petta, called the company’s arrival “a blessing.” “The people with Trina have been marvelous,” she said. “Communist China has been working to circumvent U.S. laws and undermine American manufacturers in the solar industry for years under the Biden/Harris administration, harming our national security and energy independence,” Sen. Rick Scott, a Florida Republican, said in July, …

Trade frameworks linking China, Africa set to broaden
2 months ago

Trade frameworks linking China, Africa set to broaden

China Daily  

Employees work on a solar thermal power project in Northern Cape, South Africa, on August 20. ZHANG YUDONG/XINHUA In the face of a turbulent global landscape, characterized by escalating geopolitical tensions and rising protectionism, China and Africa should lean toward embracing globalization and win-win cooperation more than ever before, to benefit their own populations and catalyze the modernization of the …

Impact of US tariffs on solar firms seen limited
3 months ago

Impact of US tariffs on solar firms seen limited

China Daily  

Employees work at a solar panel production facility in Jinhua, Zhejiang province, in August. The United States' latest move to raise tariffs on upstream polysilicon and wafers from China is expected to have only a limited impact on China's solar power sector, said analysts and companies. Further control over tariffs on photovoltaic imports could increase the cost of solar projects …

Impact of US tariffs on solar firms seen limited
3 months ago

Impact of US tariffs on solar firms seen limited

China Daily  

Employees work at a solar panel production facility in Jinhua, Zhejiang province, in August. The United States' latest move to raise tariffs on upstream polysilicon and wafers from China is expected to have only a limited impact on China's solar power sector, said analysts and companies. Further control over tariffs on photovoltaic imports could increase the cost of solar projects …

Trade body: US distorts global solar market, hampers climate change battle
3 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

US blasted for high subsidies to PV sector
3 months ago

US blasted for high subsidies to PV sector

China Daily  

An aerial photo of the 100 MW tower for the solar power plant project in Cape Town, South Africa, Aug 20, 2024. The China Photovoltaic Industry Association has expressed serious concerns about and strong opposition to the United States' distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products. Experts …

US blasted for high subsidies to PV sector
3 months ago

US blasted for high subsidies to PV sector

China Daily  

An aerial photo of the 100 MW tower for the solar power plant project in Cape Town, South Africa, Aug 20, 2024. The China Photovoltaic Industry Association has expressed serious concerns about and strong opposition to the United States' distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products. Experts …

Trade body: US distorts global solar market, hampers climate change battle
3 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-09-22 21:03 The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced …

US locks in steep China tariff hikes, many to start Sept. 27
3 months, 1 week ago

US locks in steep China tariff hikes, many to start Sept. 27

Hindustan Times  

* US locks in steep China tariff hikes, many to start Sept. 27 USTR maintains tariffs of 100% on Chinese EVs, 50% on semiconductors, 25% on batteries, steel * USTR doubles tariffs on Chinese face masks, surgical gloves syringes * US adds China tariff exclusions on five machinery categories * White House adviser says tariffs counteract 'unfair' China EV cost …

Country's foreign trade shows strong resilience
3 months, 1 week ago

Country's foreign trade shows strong resilience

China Daily  

Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said. According to the General Administration …

Forum on China-Africa Cooperation: Why Beijing's eye is on green energy, exports ahead of FOCAC
3 months, 2 weeks ago

Forum on China-Africa Cooperation: Why Beijing's eye is on green energy, exports ahead of FOCAC

Firstpost  

With an eye on securing critical resources and expanding green exports, Beijing is shifting from large-scale infrastructure projects to promoting solar, EVs, and 5G technologies across the continent Ahead of the beginning of the ninth Forum on China-Africa Cooperation that begins on Wednesday, China’s focus on Africa has taken on a new hue— green. With the global push towards renewable …

Factory deal sign of China's US solar reach
4 months ago

Factory deal sign of China's US solar reach

China Daily  

By MAY ZHOU in Houston | chinadaily.com.cn | Updated: 2024-08-21 10:42 Trina Solar US has secured $235 million in financing for its planned 1.35 million-square-foot solar plant in Wilmer, a small city about 15 miles south of downtown Dallas in Texas. "We were thrilled to bring together this group of leaders and community members to celebrate our commitment to the …

Next-gen clean tech key to China's carbon neutrality goal
4 months, 1 week ago

Next-gen clean tech key to China's carbon neutrality goal

China Daily  

An employee operates carbon capture, utilization and storage equipment at a platform off Guangdong province in May 2023. MAO SIQIAN/XINHUA The clean energy industry contributed 11.4 trillion yuan to China's economy last year, accounting for 9 percent of the country's GDP and contributing 40 percent to its GDP growth. The clean energy industry has been one of the main drivers …

Domestic support, diversified overseas strategies underlined for PV industry
4 months, 4 weeks ago

Domestic support, diversified overseas strategies underlined for PV industry

China Daily  

Technicians check photovoltaic boards at a solar power station in Yangquan, Shanxi province, on Tuesday. ZHU XINGXIN/CHINA DAILY Asia surpassed Europe as the largest export market for Chinese solar products in the first half of this year, the China Photovoltaic Industry Association said on Thursday. "In the first six months, major global photovoltaic markets such as the United States, Europe, …

China calls on countries to resist US economic coercion
5 months ago

China calls on countries to resist US economic coercion

China Daily  

BEIJING -- China's Ministry of Commerce on Friday called on relevant countries to resist economic coercion from the US in the semiconductor sector. The ministry said that China hopes relevant countries will adhere to market principles and the spirit of their contracts, resist the economic coercion from the US, and work together to safeguard the stability of global industrial and …

Sino-Saudi ties prospering in energy sector
5 months ago

Sino-Saudi ties prospering in energy sector

China Daily  

By ZHENG XIN | China Daily | Updated: 2024-07-18 06:49 China and Saudi Arabia have embarked on several landmark projects to jointly bolster renewable energy efforts, which will pave the way for significant advancements in renewable energy infrastructure and technology that will benefit both nations, according to analysts. With a total investment of approximately $2.08 billion, the factory will further …

Structure more important than growth rate of trade
5 months, 1 week ago

Structure more important than growth rate of trade

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. The national foreign trade data for the first half of the year, released on Friday, show the total value of China's import and export of goods was 21.17 trillion yuan, an increase of 6.1 percent year-on-year, continuing and consolidating the previous upward trend. In terms of growth rate, the …

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
5 months, 2 weeks ago

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Associated Press  

TANGIERS, Morocco — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. “We have flexibility to be able to comply with all the changes in interpretation or rules.” The Chinese battery projects include at least three joint ventures and …

Decoupling result of US' China policy
5 months, 3 weeks ago

Decoupling result of US' China policy

China Daily  

By Yifan Xu in Washington | China Daily | Updated: 2024-06-27 09:51 Capital market decoupling between the United States and China is occurring to some extent, and US restrictions targeting China have played a significant role, experts said. US President Joe Biden signed an executive order last August to establish a foreign investment review mechanism to restrict US entities from …

Decoupling result of US' China policy
5 months, 3 weeks ago

Decoupling result of US' China policy

China Daily  

Capital market decoupling between the United States and China is occurring to some extent, and US restrictions targeting China have played a significant role, experts said. US President Joe Biden signed an executive order last August to establish a foreign investment review mechanism to restrict US entities from investing in China's semiconductors and microelectronics, quantum information technology, and artificial intelligence …

Rising domestic solar cell production will curb imports from China
5 months, 4 weeks ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

Case made to welcome Chinese solar products
6 months, 2 weeks ago

Case made to welcome Chinese solar products

China Daily  

By HENG WEILI in New York | chinadaily.com.cn | Updated: 2024-06-07 11:11 Employees check solar panel products at a tech company in Zhangye, Gansu province. Biden contended last month that the low cost of China's solar panels are a result of "policy-driven overcapacity" in manufacturing, "flooding global markets with artificially cheap solar modules and panels". Fickling said that Chinese clean …

America should welcome China's clean energy products, says Bloomberg columnist
6 months, 2 weeks ago

America should welcome China's clean energy products, says Bloomberg columnist

China Daily  

Xinhua | Updated: 2024-06-06 16:48 This aerial photo taken on Feb 18, 2023 shows a photovoltaic power project in Liangzhou district of Wuwei, Northwest China's Gansu province. NEW YORK -- David Fickling, a Bloomberg Opinion columnist, argued on Wednesday that the United States should embrace affordable clean energy products, especially solar panels from China, rather than double tariffs. If Biden's …

The solar breakthrough that could help the US compete With China
6 months, 3 weeks ago

The solar breakthrough that could help the US compete With China

Live Mint  

The biggest investor in U.S. solar manufacturing is embracing a new technology that reduces the cost of producing the panels, potentially bolstering efforts to build a supply chain outside of China for an industry crucial to the energy transition. Hanwha’s Qcells unit, one of the biggest solar-panel makers outside China, is building a multibillion-dollar solar supply chain in Georgia. Qcells …

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream
7 months ago

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream

China Daily  

This photo taken on April 24, 2024 shows a new energy vehicle assembly line of BYD, China's leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China's Henan province. Shortly after US Treasury Secretary Janet Yellen's overcapacity narrative about China in April, the administration of US President Joe Biden announced plans to raise tariffs on Chinese electric vehicles …

Chinese business community strongly criticizes new tariffs
7 months, 1 week ago

Chinese business community strongly criticizes new tariffs

China Daily  

Employees check solar panel products at a tech company in Zhangye, Gansu province. WANG JIANG/FOR CHINA DAILY The Chinese business community strongly opposes the United States' latest decision to increase tariffs on Chinese imports, calling on the US to promptly cancel the additional tariffs, said the China Council for the Promotion of International Trade in a statement on Wednesday. On …

US announces steep tariffs on China-made EVs, solar cells: Biden's self-contradictions and USA's hypocrisy over trade and self-interest
7 months, 1 week ago

US announces steep tariffs on China-made EVs, solar cells: Biden's self-contradictions and USA's hypocrisy over trade and self-interest

Op India  

On the 14th of May, the Biden administration in the United States imposed new tariffs on Chinese imports as its fresh move in the ongoing trade war. President Biden said that he is “announcing new tariffs in key sectors of the economy that are going to ensure that our workers are not held back by unfair trade practices.” In an …

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices
7 months, 1 week ago

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

Associated Press  

WASHINGTON — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. “A 100% tariff rate on EVs will protect American manufacturers from China’s unfair trade practices,″ the White House said in a statement. Ford didn’t immediately respond to a question about battery tariffs but said in …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 1 week ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

'Overcapacity' just an excuse of US protectionism
7 months, 1 week ago

'Overcapacity' just an excuse of US protectionism

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. China's recent significant increase in the exports of EVs, lithium batteries and solar photovoltaic products mainly reflect the increasing global emphasis on environmental protection and development of green technology and intelligent economies. Considering the trend of environmental protection in developing countries, it can be said …

China's new energy competitiveness honed through genuine expertise
7 months, 3 weeks ago

China's new energy competitiveness honed through genuine expertise

China Daily  

A logo of CATL seen in Guangzhou, Guangdong province on Nov 24, 2023. BEIJING - Some Western politicians allege that China's new energy industry relies on industrial policies for competitive edge. China's advanced production capacities in the new energy sector have been honed through diligent efforts and genuine expertise, rooted in market competition, innovation, and entrepreneurship. In recent years, China …

Multinationals still invest big in China's green drive
7 months, 3 weeks ago

Multinationals still invest big in China's green drive

China Daily  

Amid foreign media's report that China's green-tech manufacturing boom draws concerns about overcapacity, multinational corporations in China are still investing big in the country's green economy drive, voting with their feet. At the end of April, Milwaukee, United States-based industrial automation company Rockwell Automation said that the company is planning to drive more collaborations in China's strategic emerging industries, such …

Fallacies of the China 'overcapacity' theory
7 months, 3 weeks ago

Fallacies of the China 'overcapacity' theory

China Daily  

Recently, a handful of Western politicians and media have been hyping up the false narrative of "overcapacity" in China, targeting China's "new three" industries -- new energy vehicles, lithium batteries, and photovoltaic products. The notion that China's "overcapacity" in new energy sectors harms the global market is "a complete fallacy," a Chinese Foreign Ministry spokesperson said. Hence, there's no overcapacity …

China's renewables tech cuts costs
7 months, 4 weeks ago

China's renewables tech cuts costs

China Daily  

Employees work at a photovoltaic panel production facility in Hefei, Anhui province, in February. China's large-scale production of solar panels and electric vehicles has not only lowered costs but has also made green technology more accessible globally, industry insiders said. The IEA believes China was the major driving force behind the world's rapid expansion of renewable power generation capacity last …

'Overcapacity' an excuse to target 'made-in-China'
8 months ago

'Overcapacity' an excuse to target 'made-in-China'

China Daily  

SAIC's Roewe brand showcases its models at the 2023 Shanghai auto show. Concurrently, the Joe Biden administration is considering imposing high tariffs on Chinese steel and aluminum, potentially opening a new front in the ongoing trade conflicts in order to contain Beijing's "made in China" drive. Western pressure on China's industries and trade has intensified in recent years, with many …

One French company’s lonely struggle to survive fierce competition from China
8 months ago

One French company’s lonely struggle to survive fierce competition from China

Live Mint  

PARIS—French solar-panel company Photowatt once powered Europe’s ambition to become a renewables manufacturing giant, one that would provide the technology to help achieve the continent’s far-reaching climate goals. Yellen said the Biden administration was determined to prevent a repeat of the wave of China imports 15 years ago that drove U.S. solar panel producers and other manufacturers out of business.“It …

Europe wants two things from China. It may not get far on either of them
8 months ago

Europe wants two things from China. It may not get far on either of them

Associated Press  

BEIJING — Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine. “And if those highly competitive companies are still protected by the government, then we have actually global challenges resulting from that.” A FUNDAMENTAL DIVIDE ON UKRAINE If there is one issue most of Europe can agree on, it is …

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