Energy wars: Tariff trouble
From Greentech Media, November 21, 2017:
“Acting on solar could have unintended consequences, however. Bloomberg reports that U.S. duties on imported solar equipment ‘would almost certainly’ prompt retaliation from China, South Korea and other nations at the World Trade Organization (WTO).
China could choose to impose tariffs on exports like Wisconsin cheese and Kentucky bourbon, ‘creating natural opponents to the tariffs in Mitch McConnell and Paul Ryan,’ said Clark Packard, a trade policy analyst for the Washington free-market think tank R Street Institute.
China has already imposed punitive import duties of up to 57 percent on certain U.S. polysilicon manufacturers in response to 2012 anti-dumping and countervailing duties.
In a recent note to investors, Credit Suisse analysts said they expect retaliation from the WTO and member countries opposed to the tariff, which could force President Trump to roll back any potential remedies. In the last Section 201 trade case filed against steel imports in 2001, tariffs were overturned within 21 months due to international pressure.”