The U.S. goods and services trade deficit rose 7.9% for the month of July, but the goods deficit alone hit a record for the year – $103.13 billion. The previous high was in May at $100.1 billion.
Commerce Secretary Gina Raimondo was asked to impose anti-dumping and countervailing duties (AD/CVD) on Southeast Asian solar companies in a letter from the United Steelworkers Union (USW) on Aug. 27.
Deployments of solar power facilities in the U.S. by utilities, commercial customers,
and residential customers have risen substantially in recent years due to
technological progress, lower costs, and various tax incentives and credits from the
U.S. government.
This bipartisan legislation aims to combat international trade crimes by directing the Department of Justice (DOJ) to establish a new trade crime unit within the Criminal Division dedicated to prosecuting international trade crimes.
If anyone needed yet another example of the importance of China miners and processing companies, Beijing said it would put restrictions on exports of antimony and processing equipment used in batteries and as an alloy to increase a metal’s strength.
Hofusan is one of the most well known investments of Chinese capital looking not only to sell to Mexican consumers, but – more obviously – to export everything from furniture to washing machines duty free to the United States.
Little has been said about what a Kamala Harris trade agenda would look like should she win in November, but new clues have emerged, and it seems fairly certain she would keep with the current trajectory of the Biden administration.
As the demand for solar energy deployment in the United States continues to grow, foreign firms are reaping nearly all the benefits. Solar imports in 2024 are outpacing total demand and crowding out domestic solar manufacturers.
Congressman Pascrell’s leadership, particularly as a senior member of the Ways and Means Committee, has left a lasting legacy that will continue to shape trade policy for years to come.
China has wiped out American solar before. Can they do it again? This is the concern among many on Capitol Hill, including in the White House.
