Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Commerce Department Finds Chinese Solar Companies are Illegally Circumventing Tariffs

Biden Administration Should Rescind its Solar Emergency Declaration

 

WASHINGTON - December 2, 2022 (Investorideas.com Newswire) The Coalition for a Prosperous America (CPA) today released a statement after the Department of Commerce issued a preliminary determination that determined that Chinese companies operating in Malaysia, Thailand, Vietnam, and Cambodia are illegally circumventing existing antidumping and countervailing (AD/CVD) duty orders on solar cells and modules from China. CPA strongly supports robust enforcement of U.S. trade law, especially in the face of illegal, predatory trade activity by Chinese manufacturers that are subsidized by the Chinese Communist Party (CCP).

CPA is also calling on President Biden to immediately withdraw his Solar Emergency Declaration, which neutralizes the investigation, including Commerce's preliminary finding that the Chinese are illegally circumventing AD/CVD duties. Incredibly, the White House failed to consult a single American manufacturer on the emergency declaration. Instead of supporting robust enforcement of U.S. trade laws, the emergency declaration gives Chinese manufacturers a free pass to illegally circumvent AD/CVD orders for 24 months and protects them from retroactive duties-regardless of what the final determination from Commerce is.

Biden's emergency declaration came after intense lobbying by the Solar Energy Industries Association (SEIA), a trade association that was exposed as a front for Chinese solar manufacturers and whose members have been implicated in the use of forced labor in Xinjiang.Earlier this year, the Commerce Department announced it was investigating three of SEIA's Chinese members for illegal trade activity. As The American Prospect reports, "SEIA's membership includes U.S. subsidiaries of Chinese producers JinkoSolar, JA Solar, Trina Solar, BYD, and LONGi Solar, which are the dominant solar component manufacturers in the world."

In Commerce's preliminary determination, it found that SEIA member's Trina Solar and LONGI, which owns Vina, will face 254% tariffs as Commerce determined the companies failed to demonstrate their independence from the CCP. Trina's products are shipped from Thailand, and Vina ships from Vietnam.

"This is an important win for the rule of law, American manufacturers, and the tens of thousands of workers that they employ," said Michael Stumo, CEO of CPA. "Now that Commerce has preliminarily determined what CPA has been saying for months-that the Chinese are illegally circumventing-it is time for the Biden administration to rescind its Solar Emergency Declaration. At at time when American manufacturers are investing billions of dollars to boost domestic production as a result of the Inflation Reduction Act, it is unconscionable that the White House wants to continue to give Chinese manufacturers a pass for illegally violating U.S. trade law to the detriment of American companies and American workers."

About CPA

CPA is the leading national, bipartisan organization representing exclusively domestic producers and workers across many sectors of the U.S. economy. For nearly two decades, CPA has advocated for the implementation of strategic trade, tax and growth policies that deliver prosperity and security to America, its citizens, farms, factories, and workers. We are a bipartisan coalition of farmers, ranchers, manufacturers, and labor organizations that make and grow things in the United States. Our members believe that America’s strength and well being is based upon growing America’s productive capacity and quality employment more than cheap consumption.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits






RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

Buy a renewable energy guest post on Investorideas.com