The United States will launch a "double-reverse" investigation on Chinese solar panels
November 25 20:00:23, 2024
Experts said that in the future, China's emerging industries may become the hardest hit areas, and the exchange rate war has not disappeared, adding to the trade war. The United States has just revised the domestic "double anti-" (anti-dumping and countervailing) measures, and has waved a trade protection stick against Chinese products -- it will launch a "double-reverse" investigation on my solar panels. This is the first "double-reverse" investigation in the field of clean energy. In the future, the US trade protection will be more intensive, and it may be concentrated in China's emerging industries, including high-end manufacturing. The Ministry of Commerce website reported on the 21st that the US SolarW orldIndustries Mediaca Inc. filed an application to the US International Trade Commission and the US Department of Commerce on October 19 for anti-dumping and countervailing investigations on Chinese-exported solar cells (boards). The Ministry of Commerce will decide whether to file a case on or about November 8. The relevant person in charge of the Legal Service Center of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products told the Economic Information Daily that "from the current point of view, the possibility of a formal US filing is very large, which will have a huge impact on China's photovoltaic industry." Representative of the photovoltaic industry, China Chamber of Commerce for Import and Export of Mechanical and Electrical Products expressed regret that the domestic industry in the United States did not have any unfair trade practices. If the US adopts restrictive measures, it will not only have a huge impact on the Chinese industry, but also adversely affect the development of the global solar photovoltaic industry, including US solar companies. China's solar PV companies are resolutely opposed to any form of trade protectionism and call on the Chinese government to conduct investigations on US subsidies and incentives for renewable energy to maintain an open and free international trade environment. On the morning of the 21st, the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products organized an industry response to an emergency response meeting. “Corporate respondents are highly motivated, and now they have begun the substantive response stage, that is, filling out relevant questionnaires, and lawyers have begun to respond to preparations,†said the head of the above-mentioned chamber of commerce. In October last year, the Office of the US Trade Representative announced a 301 investigation into China's clean energy. Shortly thereafter, the US Economic Policy Research Institute released a series of data to prove that China's clean energy subsidies led to a sharp increase in trade deficit with China, and called clean energy. The field can provide a large number of high-paying jobs in the United States, which has been hit hard in the context of globalization and increased trade deficit with China. In May of this year, the US International Trade Commission issued an intellectual property report covering the results of a detailed investigation into the current state of intellectual property infringement in China, as well as the impact of China’s intellectual property infringement and the promotion of local innovation policies on the US economy. Directly pointing to China's emerging industries such as wind energy, telecommunications equipment (mobile phones), software, automobiles, civil aircraft and their components. Not only that, but the United States has also tightened its "double-reverse" enforcement rules. The US Department of Commerce also announced that it will revise the anti-dumping and countervailing provisional enforcement rules from November 2 this year, stipulating that importers will implement interim measures in the form of cash guarantees in the future to replace the original form of letter of guarantee. Industry insiders say that pointing to China's clean energy reflects a concern of US companies and policy makers that China's exports, once restricted to industries such as footwear and bicycles, are rising rapidly above the value chain, to the US. High-end manufacturers pose a threat. Bai Ming, a researcher at the Ministry of Commerce, told the Economic Information Daily that China’s rapid development in high-tech, new energy and other fields has caused US companies to face the threat of declining competitiveness. US companies blame this threat on China’s trade and investment environment. It is not objectively unfair. Tu Xinquan, deputy director of the China WTO Research Institute of the University of International Business and Economics, said that the focus of trade frictions encountered in China has gradually escalated along the path of the product industry system. He pointed out that in recent years, Europe and the United States have concentrated more on China's blame on emerging industries and high-end manufacturing, focusing on institutional issues such as intellectual property protection, exchange rate regimes, and investment environment of foreign-invested enterprises, as well as government subsidies and state-owned enterprises. This trend has become more and more obvious. Â
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