Trade War Looming As China Rebukes U.S. Support For Solar

China’s allegation that renewable- energy subsidies in five U.S. states violate free-trade rules ratchets up a potentially costly trade war between the world’s two largest economies.

“It’s a long, slow escalation of trade and currency wars as we race to the bottom,” saidTheodore O’Neill, an analyst with Wunderlich Securities Inc. of New York.

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