Has Janet Yellen Seen the Light on China?
Treasury Secretary Janet Yellen just spent the weekend in China, her second trip there in less than a year.
Renewable energy industries are vital for America in the 21st century. The US must have a diversity of energy sources including solar power, wind power, hydroelectric, and fossil fuel. We must have the capability to manufacture the vital equipment and supplies in each sector because a healthy energy sector is essential for national and economic security.
For much of the 20th century, the US was dependent on oil supplies from foreign nations, at great cost to our economy, our national security, our foreign policies, and our pocketbook. We must ensure we are never again in that position. We can do that by creating the conditions so that the two most important growth sectors in energy, solar power and wind power, are produced here with equipment and technology developed and located here in America.
Treasury Secretary Janet Yellen just spent the weekend in China, her second trip there in less than a year.
China dominates all phases of global solar energy equipment manufacturing.
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
“Our tax code is supposed to support American manufacturers in building out genuine domestic supply chains. It shouldn’t be exploited by the Chinese Communist Party,” said Brown.
The 118th Congress (2023-2024) is easily the best Congress we’ve had in the 21st century when it comes to tariff policy. U.S. Senators in particular are introducing new tariff bills for different products and industries.
Three Southeast Asian nations have become China’s “Mini Me” when it comes to the solar supply chain.