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Commerce Dept. Studies China's Subsidized Solar Panel Industry

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  • Description

    FBN's Rich Edson weighs in on the solar subsidy debate.

  • Duration 2:35
  • Date

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China and the US at odds for the second time this week at the debate -- green energy subsidies rages on rich Edson is in Washington ahead of the commerce department's report on China's solar panel industry -- Well the Commerce Department is expected to move forward this week on hitting Chinese solar panels with tariffs manufactures election year politics -- focused.

-- Chinese businesses and trade policy charging that government -- heavily subsidizing green energy and other industries.

The Chinese point out the US is also subsidize green energy and one international trade attorney.

Who opposes these subsidies altogether says US tariffs will only harm consumers.

Once that is and then American consumers and importers we'll start paying them quite -- hefty tax.

On their imports of Chinese solar panels.

At the same time will be seeing price increases of all of the other solar panels which typically China is a price driver in the market.

And that's we'll see all but imports and domestic solar panels prices go up.

The United States -- stepped up complaints and investigations against Chinese imports like wind towers stainless steels sinks flooring steel grating bricks and much more.

And the Chinese have responded most notably for US support of the auto industry.

And this is also extended to the presidential campaigns President Obama accuses governor Romney is sending American jobs to China during his time at Bain Capital.

Romney calls the president we got China and promise to stricter enforcement of trade practices.

And vows to label China a currency manipulator.

Some analysts worry stronger rhetoric and tariffs will only lead to a loss for American consumers and US companies.

Conducting business in China.

Back to you.

Yeah -- I mean we had somebody on the show the other day who was -- -- solar panels here in the US means buying is materials from China.

They were much cheaper over there and he was so frustrated because he's in the solar business but now he's being penalized because he rises materials from China.

And there's two sides this story what is the next step.

You know and that's the thing -- when you look at both sides it tends to be manufactures in the United States sometimes pushing for this -- those who import and use these materials saying now.

It really depends on the World Trade Organization when it comes to the broader practices for the two countries to -- it apple when it comes to -- It's really just the Commerce Department.

One more step and then he could be paying a lot more to install those panels.

Yeah by the US -- Saber rattling it China threatening to label them currency manipulators I don't think it's actually happened yet them here and if it.

No and I make a difference it's if it did rich --

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