23 Sep '13, 3pm

US Solar Group Offers Peace Plan to Avert Trade War with China

US Solar Group Offers Peace Plan to Avert Trade War with China

The Washington-based Solar Energy Industries Association plans to announce today a proposal to eliminate tariffs on solar gear and establish a fund to help U.S. manufacturers with contributions from China. “The problem we have right now is that the trading rules are not working well,” John Smirnow, vice president for trade and competitiveness for the group, known as SEIA, said in a phone interview. “Solar has a very complex global supply chain” and relying on the existing system to settle trade disputes isn’t working, he said. Tensions between the U.S. and China, the world’s two largest economies, over clean-energy production have threatened to erupt into a trade war within the last year, with both sides imposing duties on imports. The price of polysilicon, the main ingredient in solar cells, has dropped 57 percent since 2010, as both nations grapple for market share. The ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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