China Agrees To End Domestic Wind Power Subsidies
From USA Today
China has agreed to stop subsidizing wind power companies that use domestically produced components rather than imports, a victory for U.S. manufacturers. U.S. Trade Representative Ron Kirk plans to announce China’s action Tuesday, seven months after the United States launched an investigation following a complaint from the United Steelworkers.
The action is significant because of intense competition between U.S. and Chinese manufacturers of clean energy technology. Whether it will lead to other such actions involving questionable Chinese trade practices remains unclear.
“This issue has been a huge one,” says Barry Bosworth, an economics and trade expert at the non-partisan Brookings Institution. “It’s symptomatic of a principle that would apply across a wide range of trade.”