U.S. may put emergency tariffs on solar imports | Reuters
By Tom Miles | GENEVA GENEVA The United States has notified the other 163 members of the World Trade Organization that it is considering putting emergency 'safeguard' tariffs on imported solar cells, according to a WTO filing published on Monday.The move raises the stakes in a global battle to dominate the solar power industry, which has grown explosively in the past five years. As production has increased, prices have tumbled, favouring producers who can take advantage of economies of scale
By Tom Miles
GENEVA The United States has notified the other 163 members of the World Trade Organization that it is considering putting emergency "safeguard" tariffs on imported solar cells, according to a WTO filing published on Monday.The move raises the stakes in a global battle to dominate the solar power industry, which has grown explosively in the past five years. As production has increased, prices have tumbled, favouring producers who can take advantage of economies of scale. The United States, China and India are vying to be the market leader, and are looking out for any perceived breach of the international trade rules by their rivals.Last September, the WTO ruled that India was illegally discriminating against U.S. solar exports, while India launched its own WTO complaint about solar subsidies in eight U.S. states.The United States' ability to attract renewable energy investment has been tarnished by the shift in energy policy under U.S. President Donald Trump, putting China and India on top, a report by British accountancy firm Ernst & Young said earlier this month.
The U.S. decision to consider safeguard tariffs follows a petition to the U.S. International Trade Commission (ITC) by Suniva, Inc, the filing said. Under WTO rules, such temporary tariffs may be used to shield an industry from a sudden, unforeseen and damaging surge in imports. They can be challenged by other WTO members.
The ITC will decide by Sept. 22 whether the U.S. industry has suffered "serious injury", and if that is the case it will submit its report to Trump by Nov. 13, the filing said.Suniva's petition said the volume of imports rose by 51.6 percent between 2012 and 2016, while the value of those imports grew by 62.8 percent from $5.1 billion to $8.3 billion. "The petition alleges that increasing imports have taken market share from domestic producers and have led to bankruptcies, plant shutdowns, layoffs, and a severe deterioration of the financial performance of the domestic industry," the U.S. filing said.
Suniva itself filed for Chapter 11 bankruptcy on April 17.While imports have risen, U.S. producers have seen business shrivel, with 1,200 manufacturing jobs lost and a 27 percent wage decline in the four years to 2016. U.S. solar cell plants went from running at 81.7 percent of capacity in 2014 to 28.9 percent in 2016, the filing said."Data in the petition also indicates that (U.S. producers')domestic market share fell from 21.0 percent in 2012 to 11.0 percent in 2016, despite a $4 billion growth of the U.S. market over the same period." (Reporting by Tom Miles, editing by Larry King and Jane Merriman)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
By Jonathan Stempel NEW YORK (Reuters) - A New York City man has been criminally charged with sending death threats on social media, in part because he was unhappy with Democrat Joe Biden being declared the winner of the presidential election, the U.S.
BRASILIA (Reuters) - Brazil reported 25,012 additional confirmed cases of the novel coronavirus in the past 24 hours, and 201 deaths from COVID-19, the Health Ministry said on Tuesday. The South American country has registered 5,700,044 cases since the pandemic began, while the official death toll has risen to 162,829, according to ministry data. It is the world's second most fatal outbreak after the United States (Reporting by Anthony Boadle; Editing by Leslie Adler)
Nearly 80% of Americans say Biden won White House, ignoring Trump's refusal to concede: Reuters/Ipsos poll
By Chris Kahn NEW YORK (Reuters) - Nearly 80% of Americans, including more than half of Republicans, recognize President-elect Joe Biden as the winner of the Nov. 3 election after most media organizations called the race for the Democrat based on his leads in critical battleground states, according to a Reuters/Ipsos poll.