rssClean Technology, China and the Trade Deficit
Tuesday, October 19, 2010 at 5:42 pm
- 12 Comments
The following chart tells you everything you need to know about the United States’ trading relationship with China on green technology, an issue that you’ll be hearing about a lot during the next several months.
The chart, included in an Economic Policy Institute primer on the issue, illustrates the United States’ massive trade deficit with China on clean energy technology, a deficit that estimates indicate has more than doubled in the last two years. The Economic Policy Institute put it this way:
Overall, imports of clean energy products increased 74% per year, on average, between 2000 and 2010. U.S. exports also increased very rapidly, but from a tiny base. As a result, the U.S. developed large and very rapidly growing trade deficits with China in clean energy products.
It’s this trade deficit with China that’s got the United Steelworkers all worked up. The Steelworkers are concerned that China is going to leave the United States in the dust and the union is hoping it can stop China before it’s too late. In a 5,000-page-plus petition to the Obama administration, the union alleges that China is breaking a number of World Trade Organization rules by subsidizing key energy technology exports, among other things.
The Obama administration announced last week that it’s investigating the Steelworkers’ allegations. In the next 90 days, the administration (led by United States Trade Representative Ron Kirk) will decide whether to bring a trade case before the WTO.
As I noted earlier today, the announcement has already led to heightened tension between the U.S. and China. A Chinese official accused the administration of trying to score political points ahead of the midterm elections (It’s not clear whether it was the administration’s intent, but the announcement was popular on both sides of the aisle). And today, The New York Times reported that China is blocking shipments to the United States of rare earth minerals necessary in the manufacturing of key clean energy technologies.
But challenging China’s trade policies is just one way to ensure that the United States can compete on the world stage. Without the right policies, economists say it will be nearly impossible to develop the so-called “clean energy” economy that President Obama and others have been touting for years. At the end of the day, the United States imports so many components for clean energy technology not just because it’s so cheap to buy them from China and other countries, but also because the U.S. clean energy manufacturing sector is underdeveloped.
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12 Comments
Pingback posted October 19, 2010 @ 5:47 pm
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Comment posted October 19, 2010 @ 11:08 pm
THAT’S ALL FOLK’S: The End!
[The Cartoon Characters]
Now, Warner Bros. Cartoons always had at the end of its cartoons, the statement; That’s All Folk’s, The End! Well that is pretty much where the former United States of America, now know across the globe as the American-Israeli Military Industrial Complex, is at. What do we mean by this well the Military Industrial Complex [Washington D.C. District of Clowns], New York City, and the [NYSE] New York Stock Exchange, along with the [IMF] International Monetary Fund, and the Pentagon the cartoon characters who have put the citizens of the American-Israeli Military Industrial Complex in a pickle;
[China-Japan-Israel]
First the country is in hock over its head to First to the Peoples Republic of China, the one that said they were going to bury The United States of America, the Communist, they did one step better they own The United States of America, then Secondly the American-Israeli Military Industrial Complex is in debt to the Empire of Japan, and on October 27th old Hillary Diane Rodham-Clinton the [SOS] Secretary of State of the Military Industrial Complex is going to have the Japanese report to her in Hawaii, to arm twist them into the continuation of the [Extortion Tax] that the people of Japan are being forced to pay for the maintenance of Complex troops of occupation upon the Japanese Island of Okinawa, as the second class Japanese citizens of Okinawa are held under the Jack Boot of continued servitude by that occupation force, subjected to insults, injury, molestation, rapes and murders at the hand of those forces. And, last but not least to the State of Israel, and their [Special Relationship] having complete and total control of the political, media, and now economy of the Military Industrial Complex, when someone owes you money, that someone the Military Industrial Complex, jumps to your tune.
[NATO not a traffic officer]
The nations of [NATO] The North Atlantic Treaty Organization have had enough of playing World Police and are now beginning the process of withdrawal from the Military Industrial Complex Wars of Economic Stimulus that is anything but providing any type of economic uptick for their countries, but in fact has proven to be just the opposite a drag upon the economy of Europe, Oktoberfest, twice has suffered in loss of revenues first [911] were Europe lost Millions due to the fear created by the Military Industrial Complex of attacks in Europe then again this year as once again the [CIA] Central Intelligence Agency Cried Wolf but Europe this time was not ready to fall for The Sky Is Falling, this is just one of many problems that have been generated by the America-Israeli Military Industrial Complex in Europe, with its refusal to withdraw [200] Two-hundred nuclear weapons from the soil of Germany, weapons that Germany wants off its soil as Japan wants both troops of occupation and nuclear weapons off their soil. The Footholds no longer want to be footholds, the East Germans did not get out from under the heel of Soviet Troops just to have it replaced with that of the American-Israeli Military Industrial Complex troops, or having the [CIA] along with its Mossad partners combing thru their countries intelligence systems.
[World Cop or Competitor Nation]
The Infra-Structure of the American-Israeli Military Industrial Complex is falling apart what is left of it, bridges are simply collapsing, the heavy rail system is a shambles, there is no light rail system, there is no nuclear power grid system as there is in Europe, solar power and wind power at this junction are not even a drop in the bucket to what is needed. The Dollar is a joke in the international monetary community, its only a breath away from collapse, devaluation against all the major currencies of the world, and the world is up front in saying that the Military Industrial Complex can not compete with other major industrial nations of the world as it only produces JUNK!!! When a German or Japanese car is manufactured it is purchased, the price is seldom the problem as it is a high quality value items that will in every way pay for itself in customer satisfaction along with many other items that are produces by other major industrial nations of the world. The American-Israeli Military Industrial Complex is not working, and it has now become time to stop playing the world cop and concentrate upon becoming a world economic competitor, by the [22nd] Century, or become yet another footnote at the wayside of history.
HERCULE TRIATHLON SAVINIEN
Pingback posted October 20, 2010 @ 12:50 am
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Pingback posted October 20, 2010 @ 2:02 am
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Pingback posted October 20, 2010 @ 12:01 pm
[...] Clean Technology, China and the Trade Deficit “The following chart tells you everything you need to know about the United States’ trading relationship with China on green technology, an issue that you’ll be hearing about a lot during the next several months. (Image at link)” [...]
Pingback posted October 20, 2010 @ 1:47 pm
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Pingback posted October 20, 2010 @ 5:13 pm
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