Trade protectionism is pretty much ALWAYS about crony capitalism.
(From The Washington Examiner)
In an unusual twist, the potential imposition of protective tariffs would actually help foreign-owned companies and hurt U.S. workers and consumers.
The request for relief at the ITC came from Suniva, a solar cell manufacturer that was founded in the U.S. but is now majority owned by Shunfeng, a Chinese company. You might imagine there was some irony when the Chinese-owned Suniva declared bankruptcy in April, citing heavily-subsidized, Chinese-made solar panels as a primary reason for its struggles.
The irony only grows, however, when one considers the long history that Suniva itself has in benefitting from government largesse. Suniva has already received roughly $20 million in support from U.S. taxpayers, and has utilized U.S. prison labor to help keep its costs down relative to its competitors. The company also benefitted from a $780,000 taxpayer-funded loan guarantee from the U.S. Export-Import Bank, which Heritage Action labeled “cronyism.”