1. LINE

      Text:AAAPrint
      Economy

      New U.S. tariffs may trigger retaliation from China

      1
      2018-01-24 08:54Global Times Editor: Li Yan ECNS App Download

      A misuse of trade remedy measures: MOFCOM

      The move by the U.S. to impose extra tariffs on imported solar panels will have a "more severe impact" on U.S. industry and consumers than on China, Chinese industry insiders said.

      In case of an escalated trade war, they say, China may fight back by taxing U.S. auto exports to China, among a handful of other countermeasures.

      The Trump administration approved a 30 percent tariff on imported solar panel components, with the rate declining over the next four years. Imported washing machines will also be subject to as much as 50 percent in tariffs for the next three years, U.S. Trade Representative Robert Lighthizer announced Monday.

      Industry insiders have interpreted the move as targeting China, as the country has been the biggest source of solar components in the U.S. for years.

      Liu Chang, the founder of Chinese industry website solar.ofweek.com said that the tariffs rate is within market expectations.

      "Dating back to 2012, the U.S. has imposed anti-dumping duties of up to 36 percent on imported panels made from China-made solar cells … It was harsher than this time," Liu told the Global Times on Tuesday.

      Since those hefty duties are still effective, the impact of the new tariffs on photovoltaic producers based in China will be very "limited or even negligible," Liu said.

      In the past years, some Chinese photovoltaic manufacturers have moved their factories to countries such as Vietnam and Thailand.

      As such, "they are the groups that will mostly be affected, and as the order takes effect, their solar exports to the U.S. are likely to slump," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.

      "But the impact is also not very large, as China's solar industry is mostly driven by domestic demand rather than the U.S. market," he said.

      A blow to the U.S. industry

      Chinese experts stressed that the new U.S. decision would deal a major blow to its own $28 billion solar industry, while also hurting U.S. consumers' interests and leading to a loss of thousands of American jobs.

      A direct result of the move is that the tariffs would increase prices and U.S. consumers will no longer be able to access "low-cost and wide-range" solar hardware, Lin said.

      A spokesperson from China-based solar module producer Trinasolar said the U.S.' solar investment and projects will face delays due to the price surge, which in turn will hamper the global competitiveness of the U.S. solar industry in the long-term.

      "I'm not sure whether U.S. solar producers' current capacity can catch up with the soaring U.S. demand," Liu said, taking note of a potential supply shortage in the U.S. market.

      The Solar Energy Industries Association (SEIA), which represents U.S. solar installers and sellers, said on its Twitter account on Monday that Trump's decision would "cause immediate and severe job losses" across the country.

      SEIA claims that some 23,000 jobs, including many in manufacturing, will be lost to the tariffs.

      The arrival of the tariff marks the first major step by the Trump administration in 2018 to implement trade protectionism.

      Lighthizer said additional trade measures related to other products from China could come in the coming months.

      In response, China's Ministry of Commerce (MOFCOM) expressed strong dissatisfaction with the U.S. tariffs on Tuesday.

      "The U.S. move is a misuse of trade remedy measures and U.S. companies have been overprotected," said Wang Hejun, head of MOFCOM's trade remedy and investigation bureau. Wang said China will safeguard its legitimate interests together with other WTO members.

      Lin highlighted the possibility of a trade war between China and U.S. as trade tensions rise.

      "If appealing to the WTO does not settle the dispute, China could also fight back by imposing tariffs on U.S. exports, probably starting with the auto industry, one of the pillar industries of U.S. exports to China," Liu suggested.

      Lin also pointed to the $160 billion China-U.S. natural gas and oil deals signed during Trump's visit to China in November, which could be used as a bargaining chip in negotiations with the U.S.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 伊人久久亚洲综合| 免费观看四虎精品国产永久| 国产AV无码专区亚洲精品| 国产成人无码精品久久久久免费| 丁香亚洲综合五月天婷婷| 亚洲av无码专区在线观看下载 | 曰批全过程免费视频播放网站| 亚洲成a人片在线观看无码专区| 丁香花在线视频观看免费| 亚洲人成电影福利在线播放| 88av免费观看| 亚洲另类视频在线观看| 女人张开腿给人桶免费视频| 精品久久久久久亚洲中文字幕 | 国产成人在线免费观看| 麻豆安全免费网址入口| 国产专区一va亚洲v天堂| 日韩精品无码免费专区午夜| 久久综合亚洲色HEZYO社区| 97免费人妻无码视频| 亚洲成av人无码亚洲成av人| 亚洲欧洲精品成人久久曰影片 | 国产成在线观看免费视频| 亚洲成aⅴ人片久青草影院按摩| vvvv99日韩精品亚洲| a级日本高清免费看| 亚洲国产日产无码精品| 国产国产人免费人成免费视频 | 男女一进一出抽搐免费视频| 亚洲性天天干天天摸| 最新猫咪www免费人成| 一区二区免费国产在线观看| 久久久久无码精品亚洲日韩| 人成午夜免费视频在线观看| 国产精品亚洲专区一区| 亚洲AV第一页国产精品| 日本免费网站在线观看| 久草视频在线免费看| 久久精品国产亚洲AV天海翼 | 日韩精品视频免费观看| 久久国产乱子精品免费女|