The Biden administration's promotion of solar energy is overshadowed by a trade war with China, which is flooding the U.S. market with cheap solar panels.
The price of solar panels has plunged 50% due to Chinese overproduction, raising fears about a potential global monopoly and its impact on U.S. manufacturers.
Chinese companies have adeptly navigated trade tariffs by relocating manufacturing, evoking concerns from U.S. solar manufacturers about their long-term viability.
China's dominion over the solar market, making over 80% of the world's solar panels, echoes strategies used by OPEC to control oil markets.
Collection
[
|
...
]