Global Trade Alert Staff | 29 May 2024

President Joe Biden's latest installment of the US-China trade war will further disrupt the global market for renewable energy goods. Members of the EU and the Group of 20 are already poised to respond after seeing a surge of cheap Chinese green goods flood their markets in recent years. Absent a coordinated push to avert a broader trade conflict, Biden’s tariffs are likely to trigger a chain reaction across global markets and raise the probability of further fragmentation for the green goods sector. The result will be higher prices and reduced market access for precisely the type of goods that nations need to decarbonize their economies and reduce the risk of catastrophic climate change.

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