Trump’s ‘retrograde’ policies towards Chinese solar mostly harm US, report finds

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Trump’s ‘retrograde’ policies towards Chinese solar mostly harm US, report finds - SCMP

Quick Summary:

US trade and investment barriers will not halt Chinese solar industry’s rapid global expansion – but may put American manufacturing projects at risk.

Instead, Chinese companies will accelerate their expansion into Southeast Asia and the Middle East, where governments need to build up solar capacity quickly to meet their growing energy demand.“Policymakers in other jurisdictions should take note: imposing trade barriers on China will only redirect investment to other regions poised to benefit from its technological leadership,” Martin said.

US President Donald Trump’s “retrograde policy changes” towards China’s solar industry risk harming America’s own clean energy sector by driving Chinese firms to redirect their investment into other markets, according to a new report.