ABB, Siemens may have new opportunities as Biden reviews power security — Panjiva
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ABB, Siemens may have new opportunities as Biden reviews power security

China 3053 Industrials - Capital Goods 623 Tariffs 1870 U.S. 5404

The U.S. Energy Department has initiated a 100-day review (through July 29) of ways to ensure the “continued security of U.S. critical electric infrastructure”. There are also updates to the Trump administration’s import restrictions which had previously prohibited shipments from China. U.S. imports of bulk power equipment from China declined by 6.0% year over year in the 12 months to Feb. 28 versus a 25.0% slide versus 2017. Shipments from China, including those linked to Vestas and General Electric, still accounted for 23.0% of imports in the past 12 months. A firm...

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