Biden Sides with China's Solar Industry, Vetoes Plan to Restore U.S. Tariffs

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Joe Biden sided with suspected Chinese solar manufacturers this week, vetoing a bipartisan plan that would restore United States tariffs on China-made solar panels.

President a 24-month tariff moratorium on solar panel imports from Cambodia, Thailand, Vietnam, and Malaysia. Commerce Department officials suspect that the solar panels are actually made in China but have been routed through the four southeast Asian nations to avoid U.S. tariffs on China-made solar panels.that BYD Hong Kong rerouted its production through Cambodia, Canadian Solar, Trina through Thailand, and Vina Solar through Vietnam for the sole purpose of avoiding the tariffs.

“We can and must strengthen our energy security by maintaining our focus on expanding U.S. capacity that is ready to come on line as this temporary bridge concludes in June 2024,” BidenBiden’s solar panel tariff suspension last year came after intense lobbying from the Solar Energy Industries Association which has been

to be representing Chinese solar companies, some of which are accused of using forced slave labor in Xinjiang.3.7 million American jobs from the economy — 2.8 million of which were lost in American manufacturing. During that same period, at least 50,000 American manufacturing plants closed down.In 1985, before China entered the World Trade Organization , the U.S. trade deficit with China totaled $6 billion. In 2022, the U.S. trade deficit with China totaled more than $383 billion.

While skyrocketing U.S. trade deficits have led to devastation across America’s working and middle class over the last two decades, tariffs would be a boon for reshoring jobs and boosting wages. One such study finds that tariffs on nearly all foreign imports wouldRelated: CBP: China Tries to Keep Businesses from Knowing Products Are Made with Slave Labor and “Solar Panels Are a Big Issue”

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines