US sets tariffs solar panels import from China


US sets tariffs on solar panels import from China

5:28 AM, 12th October 2012
US sets tariffs on solar panels import from China

WASHINGTON, US: The United States upheld steep tariffs on Chinese solar panels finding that improper trade practices have undermined an American solar industry that the largest US manufacturer is in the midst of collapse. In one of the largest trade cases the US has pursued against the Asian superpower, the Commerce Department said China’s government is subsidizing companies that are flooding the US market with low-cost products (dumping). To counteract those price cuts, the US government imposed tariffs ranging from 18 per cent to nearly 250 per cent.

For some Chinese companies, those tariffs are lower than preliminary tariffs imposed in May. Still, another set of duties dealing with improper subsidies was increased dramatically. While the initial ruling levied anti-subsidy fees ranging from 2.9 per cent to 4.7 per cent, the final ruling issued sets those fees at 14.8 per cent to 16 per cent.

When the two penalties are combined, most companies will face duties similar to those imposed earlier in the year. In a blow to US companies requesting the tariffs, the government declined to expand the scope of the case to cover products partially produced outside of China.

A group of US companies led by Oregon-based SolarWorld, asked the government to penalize China, claiming unfair trade policies are delivering a one-two punch to the US solar industry. First, the companies argue, China is improperly subsidizing its own companies to prop them up. Next, Chinese manufacturers are dumping their products on the US market below cost, absorbing a short-term loss in hopes of putting their US competitors out of business.

© The Economic Times News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Evonik constructs second hexachlorodisilane plant in Germany

  ESSEN, GERMANY: Evonik Industries has begun building a second hexachlorodisilane (HCDS) production facility in Rheinfelden, Baden region, Germ ...

Read more
Dow Chemicals announces management changes

  MIDLAND, US: Mike Gambrell, Executive VP, Manufacturing and Engineering Operations for Dow, will relinquish his line responsibilities on Septe ...

Read more
Genomatica, Novamont from joint venture for BDO industrial plant

  SAN DIEGO, US/NOVARA, ITALY: Genomatica and Novamont will establish a joint venture that is expected to lead to the first industrial plant in ...

Read more
Sumitomo JV to build polypropylene compounds plant in China

  TOKYO, JAPAN: Sumitomo Chemical Co Ltd and Jilin Xindongtai Engineering Plastics Co Ltd formed a joint venture company to manufacture and sell ...

Read more
Brenntag closes acquisition of first phase of Zhong Yung Chemical

  MULHEIM, GERMANY: Brenntag closed the acquisition of the first 51 per cent of Zhong Yung (International) Chemical Ltd, a chemical distributor ...

Read more
DuPont opens Innovation Centre in Thailand

BANGKOK, THAILAND: DuPont opened its first Innovation Centre in the ASEAN (Association of Southeast Asian Nations) region in Bangkok, Thailand. The ce ...

Read more
Copyright © 2016. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.