The Chinese government has unambiguously stated its concerns about President Trump’s decision to introduce tariffs on imports of solar PV modules into the U.S.
In a statement released on Tuesday, the Chinese Ministry of Industry and Information Technology (MIIT) reflected on the fast pace at which the Chinese solar industry has been expanding, and suggested that the new tariffs may reflect badly on the industry’s outlook.
“China’s solar industry has been growing at a fast pace in recent years, making itself a target of protectionism in some countries,” the MIIT said, as reported by Reuters.
Earlier this week, President Trump announced safeguard tariffs on solar module and cell manufacturers for the next five years, starting at 30% and ending at 15% in the fourth year, with the exemption of 2.5 GW of cell imports per year.
The decision prompted a flurry of reactions, ranging from the warmly welcoming, to a growing belief that matters are now spiraling out of control, and could lead to market contraction and heavy job losses in the U.S. GTM Research, for instance, has predicted that President Trump’s tariff decision will trigger an 11% reduction in the U.S. market over the next four years.
However, the MIIT said it would continue to encourage Chinese solar companies to moderately expand businesses overseas.
According to the MIIT data, China, the world’s biggest solar panel maker, produced a total of 68 GW of solar PV cells and 76 GW of solar modules in 2017, up 33.3% and 31.7% respectively, compared to a year ago.
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ACCORDING TO THIS ARTICLE AND ANOTHER ARTICLE BEFORE THIS ONE
SILVER WILL BE WORTHLESS IN THE NEXT ONE OR TWO TO FIVE ARE TEN YEARS
ABSOLUTELY KNOW ONE CAN KNOW THE FUTURE IN THE SILVER MARKET
UNLESS THEY ARE THE ONES
WHO ABSOLUTELY ARE TRYING TO MANIPULATE THE SILVER MARKET
JUST LIKE THE HUNTS DID IN THE NINETEEN EIGHTIES
I ABSOLUTELY REMEMBER THAT
AND WITH SILVER HAVING TO BE USED IN PRETTY MUCH ALL ELECTRONIC EQUIPMENT
LIKE COMPUTERS OF SOLAR PANELS ETC.
WITH ALL THAT DEMAND
SO WHY WOULD SILVER PRICES DROP BY $4.00 DOLLARS TO $8.00 DOLLARS AND OUNCE OR MORE
I FIND THIS VERY HARD TO BELIEVE
IT MAY JUST BE MY THINKING AS A FORMER BUSINESS INSIDER
BUT WHAT IT APPEARS TO MYSELF
IS THAT SOME PEOPLE
WANT TO GET SMALLER INVESTORS OF SILVER TO PANIC AND SELL THIS PHYSICAL SILVER FOR THE VERY LOW PRICE IN THIS CORONAVIRUS CRISIS
BECAUSE THE PRICE OF SILVER ON THE MARKET NOW IS VERY LOW
I ABSOLUTELY DON’T SEE
J.P. MORGAN CHASE ARE ANY OTHER BIG BANKS SELLING ALL THERE PHYSICAL SILVER
IN FACT THESE BIG COMPANIES ARE THE ONES WHO ARE BUYING AND HOARDING EVEN MORE PHYSICAL SILVER AND GOLD
BUT OF COURSE I MYSELF COULD BE WRONG
BUT I AND MANY TENS OF THOUSANDS OF SMALLER INVESTORS COULD ABSOLUTELY BE RIGHT
THESE BIGGER BANKS AND OTHER COMPANIES ABSOLUTELY WILL BE THE ONES WHO WILL BE BUYING SMALLER SILVER INVENTORIES
THIS IS MY OPINION
Hi Denver,
Thanks for your comment but I can see no mention whatsoever of silver prices in this article.
Given the premise of the piece is that Trump’s trade wars will drive up the cost of solar components, surely that implies it would drive up the price of silver – the opposite of what you are stating here.
We take allegations of partiality very serious here at pv magazine so please outline the evidence you have that our reporter Marija is pursuing a hidden agenda of driving down silver prices. I’m sure you are aware that, under U.K. law at least, she could sue you for libel for such an allegation, if not proven.
You also mention “ANOTHER ARTICLE BEFORE THIS ONE” which you allege was attempting to dishonestly drive down silver prices. I’m afraid you will have to be more specific and it would be in your interest to do so as, again under U.K. law, you are liable to be sued for libel by the writer of every article we have published before January 24, 2018 which mentions silver prices if you cannot prove a deliberate intent to mislead in each case.