Friday, October 21, 2011

U.S. Protectionist Policy

Having recently completed learned about protectionist policies in class. It is quite interesting to see that in the NY Times, America is being accused of protectionist policies by China. This has been said because of the request by the American solar panel industry to have a tariff placed on imported Chinese solar panels. The Chinese government criticizes this saying it would adversely affect the international efforts to combat global warming.

In the article the effects of this proposed tariff on trade relations between China and America were highly discussed. Chinese officials suggested that America would lose sales in China for equipment and raw materials in solar panel production. On the other hand the U.S. argues that without this tariff the American solar panel industry will suffer but some environmentalists say that the Chinese industry has helped to lower the cost of solar panels which would help to promote panel sales.

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