The U.S. and China have been locked in a trade war over solar panels since 2012, and residential solar power company GCI Solar says a continued trade spat will only hurt advancements in solar energy – an important renewable resource.
The U.S. first placed tariffs on solar panels imported from China in 2012, ranging from 24 to 36 percent. The goal was to level the playing field for solar panel manufacturers in other countries, as China began dominating the market.
“The trade case stemmed from a legal filing [in 2011] by a coalition of manufacturers, led by SolarWorld, a German company with considerable manufacturing in the United States,” The New York Times reports. “The coalition contended that Chinese companies, which dominate global sales with a two-thirds market share, were competing unfairly in the American market.”
Additionally, Chinese solar companies received subsidies from the Chinese government, allowing them to sell products well below market value in the United States, which The New York Times refers to as “dumping.” Read more