A WTO dispute panel has rejected all four of China’s claims against the US relating to safeguard measures that the administration of former US president Donald Trump imposed on solar panels imported from Chinese manufacturers.
China did not establish that Washington’s safeguards against imports of certain crystalline silicon photovoltaic cells are inconsistent with the WTO’s rules on the measures, the Geneva-based body said in a report published on Thursday.
Trump in January 2018 announced four years of import caps and tariffs on panels after a certain amount is brought in — so-called tariff-rate quotas. That was in response to a trade suit filed in April 2017 by a bankrupt US solar manufacturer that argued it had been harmed by a wave of cheap imports, mostly from Asia. The US International Trade Commission agreed in October that year, paving the way for Trump’s decision.
Photo: Reuters
Bloomberg data show that Chinese suppliers flooded the US solar market with panels at the end of 2017 as customers sought to avoid paying a 30 percent tariff.
US Trade Representative Katherine Tai welcomed the ruling.
“We must make historic infrastructure investments that unlock the full potential of solar power and create good-paying jobs in cutting-edge fields that will help address the climate crisis,” she said in an e-mailed statement.
The WTO’s dispute settlement body set up a panel to hear China’s case in August 2019, with Beijing alleging that Washington acted inconsistently with a number of articles in the organization’s general agreement on tariffs and trade.
Among China’s allegations that the WTO rejected was that the US failed to establish the required causal link between the increased imports and the serious injury found to exist.
The dispute settlement body would adopt the panel’s report within 60 days unless either the US or China notifies it of a decision to appeal.
This time was supposed to be different. The memorychip sector, famous for its boom-and-bust cycles, had changed its ways. A combination of more disciplined management and new markets for its products — including 5G technology and cloud services — would ensure that companies delivered more predictable earnings. Yet, less than a year after memory companies made such pronouncements, the US$160 billion industry is suffering one of its worst routs ever. There is a glut of the chips sitting in warehouses, customers are cutting orders and product prices have plunged. “The chip industry thought that suppliers were going to have better control,” said
Enimmune Corp (安特羅生技) has obtained marketing approval from the Food and Drug Administration (FDA) for its EnVAX-A71 vaccine for enterovirus 71 (EV-71), becoming the nation’s first enterovirus vaccine completely made in Taiwan, it said yesterday. After spending 13 years and NT$1.5 billion (US$49.77 million) on the research and development of the vaccine, Enimmune plans to start manufacturing and marketing it by the end of March, the company said in a statement, without disclosing customer order figures. “It is possible that the vaccine would not be included in a national vaccination program initially, and consumers would need to pay for it themselves,” parent
Hon Hai Technology Group (鴻海科技集團), also known as Foxconn Technology Group (富士康科技集團) internationally, yesterday said it was confident that its performance would improve in the second half of this year. Investment plans related to electric vehicles (EVs) in different parts of the world are expected to gradually start coming to fruition, Hon Hai chairman Young Liu (劉揚偉) told reporters after leading a new year’s prayer at the company’s headquarters in New Taipei City’s Tucheng District (土城). Major challenges stemming from the COVID-19 pandemic and the Russia-Ukraine war continue to affect the global economy. However, Liu said that he expects a turnaround in
‘BLUE OCEAN HIGHWAY’: The private cost of dredging is the main obstacle to having potentially thousands of new marine tourists make port calls, a marina operator said A company executive is betting big on marina development in Taiwan, as the government aims to boost the number of dedicated recreational yacht berths to 1,600 from 1,138 by 2025. Taiwan could make its dream of having thousands of sailboats and yachts make port calls in the country a reality by speeding up the construction of new marina berths, ARGO Yacht Club (亞果遊艇會) president Ho Yu-lin (侯佑霖) said. ARGO operates three marinas, in Kaohsiung, Penghu County and Tainan’s Anping District (安平). The 12-hectare Tainan Anping Yacht City is a members-only yacht club providing an array of amenities including restaurants and a hotel resort
RSS