Media

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 

0 Comments

Login

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


Genetically modified apple doesn’t turn brown when sliced, bruised

OKANAGAN, CANADA: The US government approved a genetically modified apple that doesn’t turn brown when bruised or sliced. While most genetic alt ...

Read more
Gold nanotubes can destroy cancer cells, finds new study

LONDON, UK: Gold nanotubes can act as internal nanoprobes for high-resolution imaging, drug delivery vehicles and agents for destroying cancer cells, ...

Read more
BASF doubles capacity at precious metals recycling plant in Cinderford, UK

CINDERFORD, UK/LUDWIGSHAFEN, GERMANY: BASF has completed the installation and start-up of new high-performance milling and decanning equipment at its ...

Read more
Uhde Inventa-Fischer bags contract to build polyamide 6 plant in Poland

TARNOW, POLAND: Uhde Inventa-Fischer has been awarded a major contract from the Polish chemical group Grupa Azoty to build a polyamide 6 plant. The mu ...

Read more
AkzoNobel to expand coatings capacity in Indonesia

AMSTERDAM, THE NETHERLANDS:  AkzoNobel Performance Coatings has announced plans to invest €2.5 million to expand its plant in Cikarang, Indo ...

Read more
2-D germanium could hold future of electronics

SAN JOSE, US: The future of electronics could lie in a material from its past, as researchers from The Ohio State University work to turn germanium - ...

Read more
Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.