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Solar Panels and Safeguards: Rising Tensions in the Global Trading System
內容大綱
In January 2018, President Donald Trump announced steep tariffs on solar imports, at once plunging the US solar industry into uncertainty and deeply angering vital trade partners such as China, South Korea, and the European Union. The tariffs were in response to a complaint made by two bankrupt solar companies seeking protection against cheap solar imports. The companies invoked a rarely used provision of the 1974 United States Trade Act, Section 201 (safeguards), and argued that antidumping and countervailing duties imposed on China in 2012 had done little to stem the flow of solar products because Chinese producers had simply moved production to countries such as Malaysia and South Korea, where the duties did not apply. Five years after enduring a series of bruising trade battles, the global solar industry was once again in the eye of a rapidly escalating trade storm. Amid an unprecedented number of trade disputes at the WTO, the role of safeguards had suddenly taken center stage. Yet, the application of safeguards in the global trading system had been historically rife with problems. This case is designed to be taught in follow up to HKS Case 1992.0: Shaping the Future of Solar Power: Climate Change, Industrial Policy and Free Trade.