Click here to check the ultimate guide to learn how to leverage your PC and internet to make money online.
The Washington Independent
The Washington Independent

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

Thomas Dixon
Last updated: Jul 31, 2020 | Oct 20, 2010

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.

Thomas Dixon | He creates the ideal marketing experience by connecting online brands with their target audiences. He recently completed a research paper on consumer conversion and took part in a community project on SEO optimization. Thomas is working on his Bachelor of Arts in Communications and plans to intern in an online marketing department soon.


$1.3 Million for Brown

The GOP’s candidate in the Massachusetts special election raised more than one million dollars -- double the goal -- in a 24-hour moneybomb on the Ron Paul

$1.89 billion given to states to fight HIV

The federal government Monday announced more than $1.89 billion in funding to states to fight the HIV epidemic with access to care and with more cash for the failing AIDS Drug Assistance Program. According to an HHS press release , $813 million of that money will go directly to the ADAP programming. An additional $8,386,340 will be issued as a supplement to 36 states and territories currently facing a litany of unmet needs and access issues.

1. Brian Schweitzer

As governor of Montana, Schweitzer doesn’t represent one of the most highly populated, high-profile electoral states in the country. But this

#1 in Conspiracy Theories

Andrew Young’s tell-all biography of John Edwards, hitting shelves next week, is surging in one category in particular. #1 in Conspiracy

$1.3 trillion in federal spending unaccounted for, report finds

Despite calls for independent bodies to keep government accountable, the Sunlight Foundation’s most recent Clearspending report has found the federal

1 Brigade and 1 Battalion

ISTANBUL – It’s 10 p.m. in the lowest level of the Istanbul airport. In 20 minutes I’ll be allowed to board my plane to Kabul, bringing me to the

Ten Loopholes That Can’t Make It Into FinReg

Dan Pfeiffer, the White House communications director, wrote a blog post that lists the loopholes lobbyists most want inserted into Sen. Chris Dodd’s (D-Conn.)

$1 Million for Toomey

Pat Toomey, the former Club for Growth president and leading Republican candidate in Pennsylvania’s 2010 Senate race, has announced a $1 million haul in the

1. Lindsey Graham

Sen. Graham (R-S.C.) is typically regarded as a reliable vote for his party, but he took the bold step of breaking with his fellow Republicans to join Kerry

Bachmann uncomfortable over earmarks ban

Republicans appear to have boxed themselves into a corner with their portrayal of earmarks as wasteful spending, as many of them have backed a moratorium on

Troubled mine holds hope for U.S. rare earth industry

China currently controls 97 percent of the world’s rare earth production. The Mountain Pass Mine could change that -- if it can overcome serious environmental concerns.

© Copyright 2022 The Washington Independent All Rights Reserved

Terms & Privacy |

Click here to check the ultimate guide to learn how to leverage your PC and internet to make money online.