SolarWorld wins tariffs on Chinese products

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Friday, May 18, 2012

The U.S. Commerce Department announced plans to enact tariffs ranging from 31-250% on Chinese solar panels and cells.

But managers of [SolarWorld], aiming to preserve jobs that include 1,000 in Hillsboro, hinted that the duties aren’t high enough to help U.S. manufacturers prosper. They hope the U.S. Commerce Department will soon announce additional tariffs, even as China appears set to retaliate as soon as next week.

U.S. solar stocks jumped Thursday on news that the Commerce Department would impose 31 percent tariffs on exports by companies including SolarWorld’s two largest Chinese competitors, Trina Solar Ltd. and Suntech Power Holdings Co.

Read more at OregonLive.com.

{biztweet}solar tariff{/biztweet}

 

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