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Thursday, October 20, 2011

U.S. Solar Panel Makers Say China Violated Trade Rules

“The trade case contends that China has helped its solar panel industry by providing the equivalent of billions of dollars in subsidies in the form of deeply discounted loans, land, electricity, water and raw materials, as well as cash grants and tax breaks.

Many American companies also receive subsidies from federal, state and local programs — as in the instance of Solyndra’s $528 million in federal loan guarantees. And Mr. Brinser said that SolarWorld was in the process of obtaining $4 million in research assistance from the federal government.” (New York Times)

Right, it’s the subsidies and lack of tariffs that are holding everything back.

FEE Timely Classic

How Dense Can They Get?” by Richard W. Fulmer