S&P Global Quotes Bernd Janzen on Electric Storage and US Trade Policy
Contact:
For its article “US electric storage industry should not bank on swing in trade policy: attorney,” S&P Global quoted Akin Gump international trade partner Bernd Janzen on the impact that the Trump administration’s trade policies have had on the global supply chain for electric storage, an impact he foresees as extending beyond his term in office.
Speaking at the Energy Storage Association’s (ESA) annual conference, Janzen said that electric storage is one of the industries heavily impacted by import restraints, such as antidumping and countervailing duty measure and trade tariffs, deployed by Donald Trump.
Janzen noted, “If you look at the homepage of the ESA website, what you see is basically a collection of commodities and manufactured goods that would be at the top of any trade lawyer's list of what is most strongly impacted by US trade remedy law today.”
Among the topics Janzen covered are:
- A change in President: If Biden wins, “we would see only maybe a modest reversal of what we have seen this administration do…”
- What killed the “old normal”: Factors include the Trump trend of leaning “heavily on various trade remedies to basically curb import competition.”
- “Zombie statutes”: Trump resurrected old statutes, such as Sec. 232 of the Trade Expansion Act, that “had basically become dead letters under US law and now they are very much walking again, and creating terror for those who are importing goods that are made more costly by them.”
To read the full article, click here.
