U.S. affirms Chinese solar panel tariffs

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Thursday, October 11, 2012

The Obama administration upheld steep tariffs on Chinese solar panels, finding that improper trade practices are undermining the American solar industry.

In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products — a tactic known as "dumping." To counteract those price cuts, the U.S. government imposed tariffs ranging from 18 percent to nearly 250 percent.

In a blow to U.S. companies requesting the tariffs, the government declined to expand the scope of the case to cover products partially produced outside of China.

Read more at KGW.

{biztweet}chinese solar{/biztweet}

 

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