TRADE WAR - IAIN MURRAY & GEOFFREY McLATCHEY
Forbes: Obama Administration Errors Set The Stage For The First Green Trade War
Trade wars benefit nobody, but we may need to brace for one soon. This month, China is set to decide on whether to place a tariff on U.S. chemical imports—specifically polysilicon—used in the solar cell manufacturing process. Chinese polysilicon producers accuse the U.S. of dumping said chemicals onto the Chinese market. If the Chinese do impose a tariff, American polysilicon producers will lose access to a significant market while the cost of solar panels will rise significantly everywhere—making everyone a loser. Yet this bad outcome is likely because the Obama administration has already fired shots in what could become the world’s first “green” trade war. > Read the full commentary on Forbes.com
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