U.S. loses solar trade surplus

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Friday, March 02, 2012

The United States has lost its solar trade surplus with China, as the Commerce Department considers levying tariffs on Chinese imports.

A surplus of almost $2 billion in 2010 swung to a deficit of more than $1.5 billion in 2011, according to one of the reports, issued this week by the office of U.S. Sen. Ron Wyden, D-Ore. Wyden said U.S. officials should challenge Chinese trade practices that have helped push China's trade surplus in environmental goods to an all-time high.
SolarWorld, a manufacturer that employs 1,000 in Hillsboro, is pursuing a trade complaint against China, contending that Beijing illegally subsidizes Chinese companies that dump cells and panels at unfair prices in the United States. Opponents of SolarWorld's case had cited the U.S. trade surplus, which resulted from exports of solar manufacturing equipment and polysilicon raw material that have since declined.

Read more at OregonLive.com.

{biztweet}solar surplus{/biztweet}

 

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