Way to go, Obama!!! Romney ships jobs to China, while Obama puts the pressure on China.
A trade skirmish over solar panels has pitted the U.S. against China. And pitted one wing of the American solar industry against another. And pitted one presidential candidate against another. And here you thought tariffs were boring!
Here’s the latest news from The New York Times:
The Commerce Department issued its final ruling Wednesday in a long-simmering trade dispute with China, imposing tariffs ranging from about 34 percent to nearly 47 percent on most manufacturers of solar panels and cells imported from the country.
For most of the Chinese manufacturers, the penalties are somewhat higher than those announced by the Obama administration earlier this year, when the government determined that Chinese companies were benefiting from unfair government subsidies and were selling their products below the cost of production, a practice known as dumping …
Wholesale prices [for solar panels] have declined by nearly three-quarters since 2008 as Chinese companies expanded…
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