China’s Solar Firms Are Surviving on CCP Subsidies
China dominates all phases of global solar energy equipment manufacturing.
China dominates all phases of global solar energy equipment manufacturing.
“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.
Key Points With 86 Gigawatts of planned solar module capacity and some 30 Gigawatts of imports, the U.S. market faces huge oversupply of solar modules.
An alarming new report from Horizon Advisory details China’s distortion of the global solar industry and how that threatens the national and economic security of the United States as it “risks making the United States dependent, and dependent on an adversary, for a strategic, future energy source.”
Section 201 solar safeguard tariffs were supposed to ruin the solar business and completely stall deployment of solar on rooftops and vacant fields controlled by electric utility companies. But according to a U.S. government report, they did nothing of the sort.
The Senators argued China’s heavily subsidized products are hurting U.S. efforts to reshore domestic solar manufacturing — a key energy security goal.
The capacity for China to overproduce anything is legion. This is especially true for big ticket items sold around the world, from cars to steel to China’s top green tech product line – solar cells and modules.
Congress must act to prohibit Chinese companies from receiving Inflation Reduction Act tax credits.