President Joe Biden announced the U.S. would join an effort alongside allies to counter China's growing global economic influence after taking action to roll back solar tariffs.
Pro-tariff groups criticized the move, saying it paved a path for Chinese government-subsidized companies to corner the market and put U.S. competitors out of business. Chinese companies dominate the global solar industry, making the majority of the world's panels and components, according to BloombergNEF.
"Once again, the Biden administration is picking China’s government-subsidized solar manufacturers that use forced labor and coal-fired power plants over U.S. solar manufacturers and American workers," Michael Stumo, the CEO of the Coalition for a Prosperous America, said in a statement. "Instead of following U.S. law and holding China accountable for illegal trade activity, the Biden administration is giving China’s solar manufacturers a green light to continue circumventing [tariffs]," Stumo continued. "Equally concerning is the fact that the White House failed to consult a single American solar manufacturer on this disastrous decision."
President Joe Biden pledged $200 billion over five years to counter China's global influence, despite opening the door to more solar panel imports weeks earlier. The Solar Energy Industries Association had lobbied for the White House action after a Commerce Department probe into potential tariff violations caused imports to decline. The DOC's International Trade Administration
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