Politico reports, “The Commerce Department is set to unveil new tariffs on solar technology imported from China this afternoon in a case that has the industry on tenterhooks. The anti-dumping duties will be the second Commerce has imposed on solar tech from China …”
First, trade is good. Second, foreign inputs often form the key components to U.S. output. Cheaper inputs means we have to devote fewer resources to the same level of output. What does this fight over foreign products mean for Kentucky? In the case of Dow Corning’s facilities in Carrollton, Elizabethtown and LaGrange, higher-priced foreign goods translates into fewer Kentucky jobs and lower Kentucky GDP.
Here’s a video I produced on this subject with the Cato Institute’s Dan Ikenson and Austin Bragg:
Unfortunately, the Obama Administration appears to have cast its lot with protectionists over free traders.