07 Mar '12, 4pm

US Now Has $1.6 Billion Solar Trade Deficit With China

US Now Has $1.6 Billion Solar Trade Deficit With China

It may surprise you to recall that in 2010 the US was a billion-dollar net exporter of solar power goods . But it probably won't surprise you to learn that the balance shifted dramatically in 2011. New stats from the Coalition for American Solar Manufacturing show that what was a $247 million trade surplus with China in 2010, turned into a $1.6 billion trade deficit in 2011. (h/t Think Progress ) CASM says: A leading cause of this reversal is a massive surge in Chinese exports of dumped and subsidized solar cells and modules, which, in 2011, more than doubled the totals of 2010, increasing from more than $1.2 billion to more than $2.8 billion. Further, exports to China of products for which the United States had a significant trade surplus in 2010 – polysilicon (the main raw material used to produce solar cells) and solar manufacturing equipment – declined precipitously in...

Full article: http://www.treehugger.com/renewable-energy/united-states-...

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