Connect with us

News

A sense of crisis has defined Xi’s rule. It will shape China well into the future | CNN

Published

on

A sense of crisis has defined Xi’s rule. It will shape China well into the future | CNN

Editor’s Be aware: A model of this story appeared in CNN’s In the meantime in China e-newsletter, a three-times-a-week replace exploring what you should know concerning the nation’s rise and the way it impacts the world. Enroll right here.


Hong Kong
CNN
 — 

When Xi Jinping got here to energy in 2012, he inherited a rustic at a crossroads.

Outwardly, China appeared an unstoppable rising energy. It had lately overtaken Japan because the world’s second-largest financial system, the nation nonetheless basking within the afterglow of the dazzling 2008 Beijing Summer season Olympics.

However deep throughout the excessive partitions of Zhongnanhai, the management compound the place Xi frolicked as a baby visiting his late father Xi Zhongxun, a liberal-minded vice premier, China’s new chief noticed a rustic in disaster.

Advertisement

Rampant corruption plagued the Communist Social gathering and stoked well-liked discontent, chipping away on the legitimacy of a regime Xi’s father helped deliver to energy. The hunt to get wealthy over a long time of financial reform created a gaping wealth hole and hollowed out the official socialist ideology, fueling a disaster of religion. And because the Arab Spring toppled dictators within the Center East, the rise of social media in China supplied a uncommon house for public dissent, amplifying requires social justice and political change.

Xi took these perceived challenges head on. Born a “princeling” – the offspring of revolutionary heroes who based Communist China – the Chinese language chief noticed himself as savior, entrusted by the occasion to steer it away from threats to its survival.

However as a substitute of following within the reformist footsteps of his father, Xi opted for a path of complete management. Combining the previous authoritarian playbook and new surveillance know-how, he has eradicated his rivals, tightened his grip on the financial system and made the occasion omnipresent in China – embedding his personal cult of character in every day life.

Xi additionally touted the “Chinese language dream” of nationwide rejuvenation, providing a tempting imaginative and prescient to revive China to its previous glory and reclaim its rightful place on this planet.

Advertisement

“Xi Jinping sits on high of the occasion, the occasion sits on high of China, and China sits on high of the world. That’s principally this system,” stated Richard McGregor, a senior fellow on the Lowy Institute in Australia.

Ten years on, Xi’s China is richer, stronger and extra assured than ever, but additionally it is extra authoritarian, inward-looking and paranoid than it has been in a long time. It has bolstered its worldwide clout, on the expense of its relations with the West and lots of of its neighbors.

Advertisement

At a key occasion congress starting on Sunday, Xi is poised to be appointed to a norm-breaking third time period. It is going to be his coronation as China’s strongest chief since Chairman Mao Zedong, paving the best way for potential lifelong rule.

However as Xi grapples with a pointy financial downturn, rising frustration along with his uncompromising zero-Covid coverage and surging tensions with america and its allies, the sense of disaster that beset his rise to energy has continued to hang-out him, and is about to form his rule within the years – if not a long time – to return.

Xi noticed the occasion’s disaster up shut throughout his ascent to the highest in 2012, when a sensational scandal introduced down a distinguished political rival and threatened to derail the management handover.

Bo Xilai, a fellow “princeling” and charismatic chief of the mega metropolis of Chongqing, was vying for promotion into the highest management when his police chief tried to defect to a US consulate, accusing Bo of attempting to cowl up his spouse’s homicide of a British businessman. Social gathering leaders feuded over tips on how to cope with the fallout. Finally, Bo was investigated and expelled from the occasion weeks earlier than the five-yearly energy reshuffle. Bo and his spouse are in the present day each serving life in jail.

Performers surround a large Communist Party flag during a mass gala marking the party's centenary in Beijing.

Having risen by the ranks within the bustling coastal provinces throughout China’s reform and opening up, Xi would have seen no scarcity of native corruption. However the blatant abuse of energy and deep rifts on the very high of the management uncovered in Bo’s scandal possible aggravated Xi’s sense of peril for the occasion’s survival.

Advertisement

“Our occasion faces many grave challenges and there are lots of urgent issues throughout the occasion that should be solved, specifically corruption,” Xi stated in his first speech hours after being appointed the highest chief.

Inside weeks, he launched essentially the most brutal and long-lasting “struggle on graft” the occasion had ever seen. The sweeping purges focused not solely the corrupt, but in addition Xi’s political enemies, together with highly effective leaders who had been accused of plotting a coup with Bo to grab energy.

The crackdown instilled self-discipline, loyalty and a tradition of concern, stifling opposition as Xi moved to amass energy into his personal arms. He styled himself as a strongman, eschewing the collective rule that was alleged to have exacerbated factionalism below his comparably weak predecessor Hu Jintao. In simply 4 years, Xi asserted himself because the “core” of the occasion management, demanding its 96 million members to “unify their considering, willpower and motion” round him.

“(Xi) thinks the one instrument with which he can rule China at residence and make positive factors overseas is a unified, robust, and highly effective Communist Social gathering. So he has made it his mission to strengthen the occasion below his rule,” stated McGregor on the Lowy Institute. “He’s each strengthened himself, and he’s strengthened the occasion as a car for himself.”

Consolidating the occasion from inside was solely a part of his plan. Xi additionally got down to fortify the occasion’s grasp over the nation. “Authorities, the military, society and faculties, east, west, south, north and heart – the occasion leads all of them,” he stated on the occasion congress in 2017.

Covid workers in hazmat suits outside a sealed-off neighborhood during Shanghai's months-long lockdown this year.

Underneath Xi, the occasion reasserted itself in all features of life. It revitalized once-dormant grassroots occasion cells and arrange new branches in non-public and overseas corporations. It tightened its grip on the media, training, faith and tradition, strangled civil society, and unleashed harsh crackdowns on Xinjiang and Hong Kong.

Xi additionally ramped up the occasion’s management of the financial system, particularly its once-vibrant non-public sector. His sweeping regulatory crackdown introduced tycoons to heel and worn out trillions of {dollars} of market worth from Chinese language corporations.

Advertisement

Within the on-line sphere, intensive censorship and real-life retaliation tamed social media. As a substitute of serving as a catalyst for social and political reforms, it turned an amplifier for occasion propaganda and a breeding floor for nationalism.

The pervasive social management reached new heights in the course of the pandemic. Within the identify of preventing Covid, 1.4 billion Chinese language residents misplaced their freedom of motion to the whims of the occasion and the prowess of the surveillance state. Cities throughout China are trapped in rolling, draconian lockdowns, typically for months on finish, with tens of millions of individuals confined to their houses or huge quarantine camps.

For Xi, safeguarding the occasion’s primacy is a painful lesson drawn from the Cultural Revolution, when the Communist institution was attacked by Mao’s “crimson guards” and misplaced management over society.

Lots of of 1000’s died within the turmoil, together with Xi’s half-sister who was persecuted to loss of life. Xi’s father was purged and tortured. Xi himself was incarcerated, publicly humiliated and despatched to onerous labor in an impoverished village at age 15.

“Arguably, his emphasis on occasion authority, and stopping people who disagree with the occasion from criticizing (it), is a results of his phobia of chaos due to what he noticed occurred to himself, his mom, his father and siblings,” stated Joseph Torigian, an professional on Chinese language politics at American College and creator of an upcoming biography on the elder Xi.

Advertisement
Red Guards waving copies of Chairman Mao Zedong's

Many Chinese language who survived the Cultural Revolution – together with some occasion elites – got here away with a conviction to forestall the same disaster from taking place once more, China wanted the rule of regulation, constitutionalism and safety of particular person rights. However Xi arrived at a really totally different conclusion.

“(He) believed that to attain political order you wanted to have a robust chief, a robust occasion, not making a system through which individuals had rights that went too far, as a result of they might solely abuse them and damage different people,” Torigian stated.

So as a substitute of turning in opposition to the occasion, Xi devoted himself to it. In interviews with state media, Xi spoke of how his seven years as a “sent-down youth” toughened him up and strengthened his resolve to serve the occasion and the individuals. “I used to be distilled and purified, and felt like a totally totally different man,” he informed the Individuals’s Each day in 2004.

Xi’s obsession for management was additionally formed by the trauma of the collapse of the Soviet Union, which he has repeatedly cited as a cautionary story for the Chinese language Communist Social gathering.

“Why did the Soviet Union disintegrate? Why did the Soviet Communist Social gathering collapse? An necessary cause was that their beliefs and beliefs had been shaken,” Xi informed senior officers in a speech months after taking the helm of the occasion.

Advertisement

To deal with China’s personal disaster of religion, Xi cracked down on faith, reinvigorated the occasion’s official Marxist ideology and promoted his personal eponymous philosophy. “Xi Jinping Thought on Socialism with Chinese language Traits for a New Period” is enshrined within the occasion constitution and dominates occasion speeches and conferences. It additionally permeates billboards, newspaper entrance pages and cinema screens, and is taught in school rooms throughout the nation – to youngsters as younger as 7.

On the heart of “Xi Jinping Thought” is the notion of the Chinese language dream: the “nice rejuvenation of the Chinese language nation” – a imaginative and prescient Xi unveiled simply weeks after coming to energy.

It has since turn out to be a trademark of his rule, shaping lots of his insurance policies at residence and overseas.

“Xi Jinping is a person with a mission. He believes that he is aware of the methods to take China to the promised land of nationwide rejuvenation,” stated Steve Tsang, director of the China Institute at SOAS College of London.

“He’s going again to his legendary visions of Chinese language historical past, when China was the best civilization and nation on this planet. And the remainder of the world (ought to) simply respect, admire and observe the management of China.”

Advertisement
Chinese students wave party and national flags at a ceremony marking the party's centenary on July 1, 2021.

To make certain, many Chinese language are pleased with their nation’s achievements. Underneath Xi, China declared an finish to excessive poverty, modernized its army, emerged as a pacesetter in next-generation know-how and significantly expanded its world affect. It’s striving to turn out to be the dominant energy in house, instructions the world’s largest navy, and makes its weight felt as an rising superpower.

For others, Xi’s Chinese language dream has was their residing nightmare. Within the nation’s far west, Muslim minorities are arbitrarily incarcerated, forcibly assimilated and carefully surveilled. In Hong Kong, pro-democracy supporters noticed their freedom and hope crushed in a metropolis modified past recognition. Throughout the nation, quite a few rights attorneys, activists, journalists, professors and businessmen are languishing in jail, or silenced by concern. In Xi’s eyes, they’re all perceived threats to his quest for a robust and unified nation, and thus have to be remolded or eradicated.

However more and more, the sheen of the Chinese language dream is coming off for peculiar individuals, too – younger professionals who selected to “lie flat” within the face of intense stress, depositors who misplaced their life financial savings in rural banks, homebuyers who refused to pay mortgages on unfinished houses, in addition to enterprise house owners, laid-off employees and residents pushed to the brink by Xi’s relentless zero-Covid lockdowns. A few of them might need beforehand rooted for Xi and his imaginative and prescient, however are actually paying the value for his insurance policies.

Essentially the most disillusioned are looking for a method out. “Run philosophy” has turn out to be a Chinese language buzzword, advocating emigration to flee what some see as a doomed future below Xi’s rule. Xi has repeatedly touted that China is rising and the West is in decline – a conviction strengthened by America’s political polarization, and his perception that China’s superior political mannequin has enabled it to struggle Covid higher than Western democracies. However the rising variety of disciples of “run philosophy” is an outright rejection of that narrative, exhibiting many Chinese language haven’t any religion in his promise to make China nice once more.

Underpinning Xi’s Chinese language dream is a bitter sense of resentment towards the West, rooted within the nationalistic narrative that earlier than the occasion took energy, China suffered a “century of humiliation” by the hands of overseas powers and was invaded, carved up, occupied and weakened.

Advertisement

Lately, American measures to counter China’s rising affect has solely strengthened its sense of being below siege from Western powers, McGregor stated.

“It has a visceral, emotional attraction in China. It’s very highly effective. I feel Xi understands that and he intends to harness that to his personal ends,” he stated.

As a leader-in-waiting, Xi had already proven a robust disdain for overseas criticism of China. “There are some foreigners with full bellies who don’t have anything higher to do than level fingers at us,” Xi informed members of the Chinese language group in Mexico on a go to as vice-president in 2009. “China doesn’t export revolution, starvation or poverty. Nor does China trigger you complications. Simply what else would you like?”

Chinese leader Xi Jinping delivers a speech marking the 100th anniversary of the Communist Party in Beijing.

However Xi’s starkest warning to the West got here final summer time, when he presided over a grand celebration marking the occasion’s centenary. Standing on high of Tiananmen, or the Gate of Heavenly Peace, the towering entrance to the Forbidden Metropolis palace of imperial China, Xi declared the Chinese language nation will not be “bullied, oppressed or subjugated” by overseas powers. “Anybody who dares to strive, will discover their heads bashed bloody in opposition to a terrific wall of metal cast by over 1.4 billion Chinese language individuals,” he stated to thundering applause from the gang.

Since coming to energy, Xi has repeatedly warned in opposition to the “infiltration” of Western values comparable to democracy, press freedom and judicial independence. He has clamped down on overseas NGOs, church buildings, Western films and textbooks – all seen as automobiles for undue overseas affect.

Overseas, Xi launched into an aggressive overseas coverage. “Xi thinks that is China’s second. And to grab that second, he needs to be assertive and take dangers,” McGregor stated.

Underneath Xi, China has overtly competed for world clout with the U.s., leveraging its financial heft to achieve geopolitical affect. Its ties with the West are at their most fraught because the 1989 Tiananmen Sq. bloodbath – and so they had been additional soured by Beijing’s tacit help for Moscow following the Russian invasion of Ukraine.

Advertisement

Xi and his Russian counterpart Vladimir Putin share a deep suspicion and hostility towards the US, which they consider is bent on holding China and Russia down. In addition they share a imaginative and prescient for a brand new world order – one which higher accommodates their nations’ pursuits and is not dominated by the West.

Russia's President Vladimir Putin reviews a military honour guard with Chinese leader Xi Jinping in Beijing in 2018.

However it stays to be seen what number of nations are prepared to hitch that different perspective. Views of China have grown extra unfavorable throughout Xi’s decade in energy throughout many superior economies, and in some, unfavorable views reached file highs in recent times.

Beijing’s sweeping claims of sovereignty have additionally antagonized lots of its neighbors within the area. China constructed and militarized islands within the South China Sea, raised army tensions over a disputed island chain with Japan, and engaged in bloody border conflicts with India. It has additionally ramped up army intimidation of Taiwan, a self-governing democracy Xi has vowed to “reunify” with the mainland.

For its half, the US has woke up to the competitors with China, and is working with allies and like-minded companions to take a raft of measures in opposition to Beijing on geopolitics, commerce and know-how.

That tough worldwide atmosphere, together with the toll of zero-Covid and the financial headwinds, poses an enormous problem for Xi within the years forward.

Advertisement

However for the approaching week, the occasion congress will probably be all about celebrating Xi’s victory. In response to the occasion’s most up to date official historical past, Xi has introduced China “nearer to the middle of the world stage than it has ever been.”

Mao could have based Communist China. However based on the occasion’s narrative, it’s Xi who will lead the nation to its rebirth as the brand new world superpower. Whether or not he can succeed can have a profound impression on the world.

News

Donald Trump says US-China trade truce has been ‘signed’

Published

on

Donald Trump says US-China trade truce has been ‘signed’

Unlock the White House Watch newsletter for free

Donald Trump said on Thursday the US and China had signed a trade deal, two weeks after saying they had reached an understanding in London about how to implement a truce in the countries’ dispute.

“We just signed with China yesterday,” the US president said at the White House on Thursday, without providing any details.

A White House official said the US and China had “agreed to an additional understanding for a framework to implement the Geneva agreement”, in a reference to the trade talks that the nations held in May, when they first negotiated a truce.

Advertisement

Two people familiar with the situation said on Thursday that Washington and Beijing appeared to have put in writing what had previously been negotiated but not included in a formal document. Ahead of the London talks, US officials had said they wanted to reach a handshake deal with the Chinese, but some experts said it was naive not to have a document.

The agreement in Geneva involved significantly reducing tariffs on each other for 90 days while they tried to hammer out a comprehensive trade accord. The deal had faltered, however, over disagreements about Chinese rare earth exports and US export controls.

Earlier this month, Treasury secretary Scott Bessent led a team that included commerce secretary Howard Lutnick and US trade representative Jamieson Greer for talks in London with Chinese vice-premier He Lifeng to resolve the impasse. After two days, the sides said they had reached a deal but provided no details.

On Thursday, Lutnick said they had completed the deal that was originally reached in Geneva. “That deal was signed and sealed two days ago,” he told Bloomberg television.

“While we need to look at the details, if the deal brings more certainty, predictability and fairness into US-China trade it will be a great victory for the people of both countries,” said Sean Stein, president of the US-China Business Council. 

Advertisement

China’s commerce ministry on Friday said the two sides had “further confirmed” the details of the framework agreement reached in London. 

It added that approvals of export applications for controlled items would be issued “in accordance with the law’, and that the US side would also lift “restrictive measures” taken against China, without giving further details.

The purported deal comes as the Trump administration works to reach broad agreements on trade with multiple partners ahead of a July 9 deadline when “reciprocal” tariffs the president announced in April would be reapplied. Those levies, of up to 50 per cent on most US trading partners, had been temporarily lowered to 10 per cent for 90 days to allow foreign countries to negotiate.

US officials have since been holding intensive talks with countries including India, Vietnam, South Korea, Japan and the EU to reach permanent settlements. 

Only the UK has reached a trade agreement with the US, while China has secured lower “reciprocal” tariffs of 10 per cent following a period of tit-for-tat tariff increases. Trump has also left in place additional tariffs of 20 per cent on all Chinese imports, citing Beijing’s failure to slow the flow of precursors of the drug fentanyl from China.

Advertisement

The administration is also looking at applying global tariffs to imports in sectors including semiconductors and consumer electronics, aerospace parts, lumber, copper, pharmaceuticals and critical minerals.

Additional reporting by Wenjie Ding in Beijing and Wang Xueqiao in Shanghai

Continue Reading

News

Solar manufacturing is booming. Advocates say it could go bust without incentives

Published

on

Solar manufacturing is booming. Advocates say it could go bust without incentives

An employee works on a solar panel inside a Qcells factory in Dalton, Ga.

Mike Stewart/AP/AP


hide caption

toggle caption

Advertisement

Mike Stewart/AP/AP

A couple of years ago, Mick McDaniel started a company in Indianapolis to make solar panels in the United States. Then-President Joe Biden had just signed the Inflation Reduction Act, a law packed with tax incentives for clean energy. America’s solar market was about to take off.

Since then, tens of billions of dollars have poured into solar factories that are operating or under development, according to the Solar Energy Industries Association, or SEIA, which advocates on behalf of the field. Once those factories are all finished, the facilities could create close to 60,000 manufacturing jobs, the trade group has said.

But those investments are now at risk.

Advertisement

Congressional Republicans are on the verge of rolling back clean-energy tax credits as part of a huge tax-and-spending bill that’s a cornerstone of President Trump’s second-term agenda. On the chopping block are incentives that encourage solar developers to buy American-made products, like solar panels and components.

Abruptly unwinding the incentives would threaten a decade-long push to onshore solar manufacturing and challenge China’s dominance of the sector, according to industry executives and analysts.

“What I see two years out is low-cost will once again drive demand in this market,” says McDaniel, general manager of Bila Solar. He adds, “That’s going to be a hard road for some of us who have [higher costs] than panels made over in China or Southeast Asia.”

President Trump said in a recent post on Truth Social, "I HATE 'GREEN TAX CREDITS'" in the tax-and-spending bill Congress is negotiating.

President Trump said in a recent post on Truth Social, “I HATE ‘GREEN TAX CREDITS’” in the tax-and-spending bill Congress is negotiating.

Mark Schiefelbein/AP/AP


hide caption

Advertisement

toggle caption

Mark Schiefelbein/AP/AP

President Trump supported solar manufacturing in his first term

Since 2022, when Biden signed the Inflation Reduction Act into law, companies have invested $9.1 billion in U.S. solar factories that are operating and another $36.7 billion in facilities that are under construction or in development, according to SEIA.

Advertisement

This year, U.S. factories will be able to make enough solar panels to meet most of the country’s demand, the trade group said.

Asked about the potential impacts of ending clean-energy tax credits that help domestic solar factories, a White House spokesperson, Taylor Rogers, said in a statement to NPR that the “radical climate initiatives” of the Biden administration are costing Americans billions of dollars. “Rather than using taxpayer dollars to subsidize uneconomic energy sources to meet vague climate change goals, President Trump is unleashing energy sources that are economical and will drive down bills for everyday families,” Rogers said.

But Trump himself tried to boost U.S. solar manufacturing during his first term. In 2018, Trump approved tariffs on imported solar cells and panels after the U.S. International Trade Commission found that a flood of imports hurt American companies. In a recent post on Truth Social, Trump complained that China dominates renewable energy supply chains.

Renewables are cost competitive with fossil-fueled energy — even without subsidies, according to the financial firm Lazard. But manufacturers and industry analysts say U.S. solar developers still need incentives to use American-made products.

If the tax credits disappear too soon, companies building solar plants will “buy the cheaper foreign panels to get that cost down as much as you possibly can,” says Doug Lewin, an energy consultant in Texas. “And that leaves the American manufacturer of solar modules [and components] just stranded.”

Advertisement

Trump’s 2018 tariffs helped protect domestic manufacturers, says Scott Moskowitz, vice president of market strategy and industry affairs at Qcells, which announced it was building a Georgia solar factory in 2018 shortly after Trump set the import tariffs. However, Moskowitz says the tax incentives passed under the Biden administration were key to creating demand for solar panels and components that are produced in the U.S.

“It’s not a question of whether or not the country is going to install solar if these provisions are removed or phased out too quickly,” Moskowitz says. “It’s just a matter of where [project developers] are going to get the product from.”

The stakes go beyond who supplies America’s solar market. With more time, Moskowitz says U.S. manufacturers could scale up the size of their operations to compete globally.

“You want to set up that counterweight to China,” Lewin says. “You want to be able to tell Pakistan and Latin America and everywhere else, ‘No, you can go through the United States for this vital resource for the 21st century. You don’t have to go to China.’”

An aerial view of a solar plant in Kayenta, Arizona, in 2024.

An aerial view of a solar plant in Kayenta, Arizona, in 2024.

Brandon Bell/Getty Images/Getty Images North America

Advertisement


hide caption

toggle caption

Brandon Bell/Getty Images/Getty Images North America

Advertisement

Presidents have tried for years to make America a solar manufacturer 

Every president since Barack Obama has used tariffs to try to nurture domestic solar manufacturing by raising costs on imported panels and components — first from China and later from Southeast Asia, as well.

However, tariffs on their own weren’t enough to build a manufacturing sector big enough to meet U.S. solar demand. That’s why the incentives in the Inflation Reduction Act were hailed as a breakthrough by advocates of the domestic solar industry.

“We were already seeing an increase in manufacturing before that, but the IRA was like throwing gas on that fire,” says Lewin, the Texas energy consultant.

But just as American manufacturing is taking off, the outlook for the country’s solar market has now been thrown into doubt by Congress.

Legislative text released by the Senate Finance Committee earlier this month calls for phasing out tax credits for solar plants starting next year. Under current law, those credits, which encourage companies to use American-made products, are scheduled to start phasing out in 2032 or when greenhouse gas emissions from the electricity sector are 25% of 2022 levels, whichever comes later.

Advertisement

“I expect to see a couple of painful years in the U.S. solar industry, period,” says Craig Lawrence, a partner at the investment firm Energy Transition Ventures. “But I ultimately think it bounces back.”

High voltage power lines in Pembroke Pines, Florida.

High voltage power lines in Pembroke Pines, Florida.

Joe Raedle/Getty Images/Getty Images North America


hide caption

toggle caption

Advertisement

Joe Raedle/Getty Images/Getty Images North America

Supporters push for slow tax-credit phaseout

The broader impact of rolling back incentives will depend on the details of whatever lawmakers ultimately agree to.

Without tax credits, America would build fewer clean-energy projects and use more natural gas to generate electricity, according to a study this winter commissioned by the Clean Energy Buyers Association, whose members range from Amazon to ExxonMobil to Walmart.

“There will be some companies that go under if they do this. But we will still see solar built. We’ll just see less of it, and it’ll be more expensive,” Lewin says.

Advertisement

Those costs are expected to be passed on to homeowners, renters and businesses through higher electricity bills, according to the Clean Energy Buyers Association’s study.

Limiting renewable energy development also raises concerns about electric reliability, says Heather Reams, president of Citizens for Responsible Energy Solutions, a right-of-center advocacy group.

“You’re looking at the lights going out and the air conditioning going off in the hot summer,” Reams says. “And then not meeting the [electricity] demands of tomorrow, leaving the U.S. behind competitively.”

Industry executives and analysts say clean energy projects are crucial to meet rising power demand from things like data centers and factories, because the plants can be constructed quickly and produce electricity that is relatively cheap.

Reams’ group has called for lawmakers to delay phasing out the tax credits at least until after 2027. “I don’t think anyone’s arguing they need to be here until the end of time,” she says. “But market certainty is something that all business owners understand.”

Advertisement

Manufacturers are already struggling with the looming policy changes.

“If my market is smaller, what kind of decisions do I have to make about investment, hiring and growth on my side to right size my business for that future that will be smaller?” says McDaniel, the Indianapolis solar manufacturer. “We don’t know how much that demand side will get impacted and how much smaller that market will be.”

With Congress under pressure to deliver Trump a tax-and-spending bill by July 4, solar manufacturers and their supporters are running out of time to sway Republican lawmakers.

“They’re getting ready to walk off the field,” Lewin says, “and cede the 21st century to the Chinese.”

Advertisement
Continue Reading

News

Early intelligence suggests Iran’s uranium largely intact, European officials say

Published

on

Early intelligence suggests Iran’s uranium largely intact, European officials say

Unlock the Editor’s Digest for free

Preliminary intelligence assessments provided to European governments indicate that Iran’s highly enriched uranium stockpile remains largely intact following US strikes on its main nuclear sites, two officials have said.

The people said the intelligence suggested that Iran’s stockpile of 408kg of uranium enriched close to weapons-grade levels was not concentrated in Fordow, one of its two main enrichment sites, at the time of last weekend’s attack.

It had been distributed to various other locations, the assessments found.

Advertisement

The findings call into question US President Donald Trump’s assertion that the bombing had “obliterated” Iran’s nuclear programme.

In an apparent reference to Fordow, Trump wrote on his Truth Social platform on Thursday: “Nothing was taken out of [the] facility. Would take too long, too dangerous, and very heavy and hard to move!”

The people said EU governments were still awaiting a full intelligence report on the extent of the damage to Fordow, which was built deep beneath a mountain near the holy city of Qom, and that one initial report suggested “extensive damages, but not full structural destruction”.

Iranian officials have suggested the enriched uranium stockpile was moved before the US bombing of the plant, which came after days of Israeli strikes on the country.

At a Pentagon press briefing on Thursday, US defence secretary Pete Hegseth sidestepped questions about whether Iran had taken the uranium out of Fordow before the strikes.

Advertisement

When pressed by reporters, Hegseth said: “I’m not aware of any intelligence that I’ve reviewed that says things were not where they were supposed to be, moved or otherwise.”

The US used bunker-buster bombs to attack Fordow and Natanz, Iran’s other main uranium enrichment facility, on Sunday. It fired cruise missiles at a third site, Isfahan, which was used in the fuel conversion cycle and for storage.

Trump has dismissed a provisional American intelligence assessment, leaked to US media, that said Iran’s nuclear programme had been set back by only a matter of months.

Hegseth lambasted the media on Thursday for focusing on the report, which the US Defense Intelligence Agency had later stressed was a “preliminary, low-confidence assessment”.

The Israel Atomic Energy Commission said this week that it had assessed that US and Israeli strikes had “set back Iran’s ability to develop nuclear weapons by many years”.

Advertisement

But experts have warned that if Tehran has retained its stockpile of enriched uranium and set up advance centrifuges at hidden sites, it could still have the capacity to produce the fissile material required for a weapon.

Rafael Grossi, director-general of the International Atomic Energy Agency, told French Radio on Thursday that Iran’s nuclear programme had “suffered enormous damage”, though he said claims of its complete destruction were overblown.

Iran insists its programme is for peaceful civilian purposes.

Fordow was the main site for enriching uranium up to 60 per cent purity, a small step away from weapons grade. Experts said the 408kg stockpile of uranium enriched to 60 per cent had been stored at Fordow, Natanz and Isfahan before Israel launched its war against Iran on June 13.

Iran’s total stockpile of enriched uranium was more than 8,400kg, but most of that was enriched to low levels.

Advertisement

Satellite images of Fordow after Sunday’s bombing show tunnel entrances apparently sealed with earth and holes that may be the entry points of the US’s 30,000lb precision-guided bunker busters. Access roads also appear damaged.

Grossi said this week that Iranian foreign minister Abbas Araghchi had sent a letter to the IAEA on June 13 warning that Iran would “adopt special measures to protect our nuclear equipment and materials”.

Grossi said the UN nuclear watchdog’s inspectors, who have been unable to visit the plants since Israel launched its assault on Iran, should be allowed to return to the sites to “account for the stockpiles of uranium, including, most importantly, the 408kg enriched to 60 per cent”.

The US had not provided definitive intelligence to EU allies on Iran’s remaining nuclear capabilities following the strikes, and was withholding clear guidance on how it plans future relations with Tehran, said three officials briefed on the discussions.

EU policy towards Tehran was “on hold” pending a new initiative from Washington on seeking a diplomatic solution to the nuclear crisis, the people said, adding that conversations between Trump and EU leaders this week had failed to provide a clear message.

Advertisement

The Trump administration had been holding indirect negotiations with Tehran before the war in the hopes of a deal to curb its nuclear activities.

Trump said on Wednesday that Washington would talk to Tehran next week, but he also suggested a deal might not be needed following the strikes on Iran’s nuclear plants.

“It is completely erratic,” said one of the people. “For now, we are doing nothing.”

Continue Reading

Trending