The US gets snubbed out of a lucrative free trade deal

coldstream

on dbl secret probation
Oct 19, 2005
5,160
27
48
Chillliwack, BC
Trump has imposed tariffs on solar panels and appliances to help rebuild industry in America. Free Trade and especially that represented by multilateral free trade deals. They have never worked and will never work.

The U.S. needs much more aggressive protectionist policies NOT with an intent of remedying balance of trade deficits.. but in reestablishing an integrated, sovereign, industrial, national economy (partnered with dirigiste policies to promote domestic investment and competition). As they had before the Free Market era descended on the world in the early 70s. A key milestone will be when the first new steel smelter is built in American in decades.

Only pathetic little goofs, cowering before his masters in Global Oligarchy of traders and financiers, still submit the utterly decrepit policies of global Free Trade.. specifically our effeminate, clueless PM, Justin. He is disassembling and impoverishing the country.
 
Last edited:

petros

The Central Scrutinizer
Nov 21, 2008
117,834
14,419
113
Low Earth Orbit
Meanwhile in Canada in 2015:

Tariffs on Chinese solar panels may hurt Canadian renewables industry

New import tariffs on Chinese-made solar panels threaten to dent enthusiasm for solar power and slow the shift to renewable energy in Canada, some industry players warn.

A decision last week to impose duties on Chinese imports was hailed as a victory for Canadian solar panel manufacturers, but it is raising concerns that prices will spike, pushing up the costs of installation and depressing demand.

Last Thursday, the Canada Border Services Agency (CBSA) issued a preliminary ruling that cheap subsidized solar modules are being dumped into Canada from China. The agency set stiff provisional import duties to protect Canadian panel manufacturers. A final decision on any tariffs, to be made by the Canadian International Trade Tribunal, is expected in about four months.

"The tariffs are the biggest step backwards Canada has made in the past 10 years towards replacing fossil fuels with renewables," said Dave Egles, president of HES Home Energy Solutions Inc., a Victoria, B.C.-based distributor of solar systems and other electrical products. He said the tariffs will cause a price increase of at least 10 per cent to his customers – firms that install solar panels. That will cause fewer people to install projects, which would have helped reduce greenhouse gas emissions, he said.

While the tariffs are designed to protect Canadian solar panel manufacturers – four of whom initiated the federal review by complaining about cut-rate Chinese panels – the damage to employment will outweigh any gains, Mr. Egles said. As many as 5,000 solar installers and ancillary workers could be out of work in the coming year, he said.

Ron Kortekaas, the owner of solar installation firm Eco Alternative Energy in Sharbot Lake, Ont., said the new tariffs will undoubtedly increase his costs, because he buys imported Chinese panels. Those higher costs will be passed on to customers, so "it will probably put a dent in our sales," he said.

The Ontario-based panel manufacturing companies that initially complained – Eclipsall Energy Corp., Heliene Inc., Silfab Ontario Inc. and Solgate Inc. – say unfair competition from dumped Chinese panels means they are losing sales and market share, putting them under pressure to cut prices at a time when margins are already thin.

Heliene president Martin Pochtaruk said the preliminary CBSA ruling "is a positive step in the right direction to level the playing field in terms of competition." He also noted that several other countries – including the United States – have found that Chinese solar panels were dumped into their markets, and have put in place punitive tariffs.

Chris Stern, a former executive at North America-wide solar installer Pure Energies who is now a consultant to the industry, said similar U.S. tariffs have pushed up prices for consumers in that country. The Canadian duties will prevent "more jobs from being created as fewer people will be inclined to install solar," Mr. Stern said, noting that the installation business generates far more employment than panel manufacturing.

One key company in the sector – Guelph, Ont.-based Canadian Solar Inc. – is in an unusual position on both sides of the issue; it manufactures panels in Canada, as well as in China. Panels imported from Canadian Solar's Chinese plants will be hit with a 174-per-cent duty under the provisional ruling. Its Canadian-made panels, which make up more than 90 per cent of its sales in this country, will not be hit.

Canadian Solar chief executive officer Shawn Qu said in an e-mail that the CBSA decision is "unfortunate," and that his company supports free trade. He said his firm's panel plants in Guelph and London, Ont., "have proven that we can be competitive with our 'Made in Canada' products."

Mr. Qu said he thinks the imposition of the tariffs could slow development of solar projects in Canada.

Thomas Koerner, general manager for the Americas at Canadian Solar, said the company has a global supply chain and "we don't believe any trade limitation is helpful in providing affordable renewable energy."

One problem, Mr. Koerner said, is that dumping is not defined as selling below the actual cost of the imported product, but as selling below the local manufacturer's cost structure. A company can be accused of dumping just because "you are able to produce [panels] somewhere else significantly cheaper, and the local manufacturers cannot," he said.

Trudeau and Obama solar tarrifs good. Trump solar tarrifs bad.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,834
14,419
113
Low Earth Orbit

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
Yes, I already get that you like lefty measures, stoner.


But that also failed to hurt Jhina.

Chinese Manufacturers

The prospect of tariffs had already prompted some Asian solar companies to consider building factories in the U.S., including China's Longi Green Energy Technology Co. To the extent that it follows through with those plans, the company could remain in the game and gain an advantage over its peers abroad.

And if the tariffs really do lead to a resolution over the much larger solar trade dispute between China and the U.S. and ease previously imposed duties, Credit Suisse Group AG sees another "silver lining" for Chinese solar manufacturers:

"Such a resolution could bring Chinese solar products to par pricing with imports from other countries," the bank's analysts, including Michael Weinstein, said in a report late Monday.
 

coldstream

on dbl secret probation
Oct 19, 2005
5,160
27
48
Chillliwack, BC
works great as long as people are ok with paying more for stuff.


One of the great scams of Free Tade.. everything is going to be cheaper. What they don't tell you is that wages will stagnate; the workplace's security, benefits, pensions will collapse; employment will be characterized increasingly by contract, retail, service, minimum wage jobs. Everything will be cheaper but only the few 'winners' in an increasingly polarized distribution of wealth will be able to afford it.
 
Last edited:

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
regardless of your feelings, a tariff is paid by the consumer.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,834
14,419
113
Low Earth Orbit
He's not there yet.

Is this a subsidy or is it a tax credit?

Capital Cost Allowance (CCA) Renewable Energy
The Government of Canada makes clean energy projects, such as solar energy, wind energy and energy from waste, more fiscally attractive for industry by providing business income tax incentives. Under Classes 43.1 and 43.2 in Schedule II of the Income Tax Regulations, certain capital costs of systems that produce energy by using renewable energy sources or fuels from waste, or conserve energy by using fuel more efficiently are eligible for accelerated capital cost allowance. Under Class 43.1, eligible equipment may be written-off at 30 percent per year on a declining balance basis. In general, equipment that is eligible for Class 43.1 but is acquired after February 22, 2005 and before year 2020 may be written-off at 50 percent per year on a declining balance basis under Class 43.2.