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


SDF choppers drop water at troubled Fukushima nuke plant

TOKYO, JAPAN: Self-Defense Forces helicopters dropped water Thursday morning on the troubled No 3 reactor of the Fukushima No 1 nuclear power plant ...

Read more
BASF’s second plant for sodium methylate in South America

Argentina designated as location for the new plant The first world-scale plant in Brazil, under construction, scheduled to start operations end of ...

Read more
Sumitomo to start manufacturing touchscreen panels in Korea

TOKYO, JAPAN: Sumitomo Chemical Co Ltd recently started construction of a new manufacturing facility for next-generation touchscreen panels on the s ...

Read more
PETRONAS to build refinery and petrochemical complex in Malaysia

KUALA LUMPUR, MALAYSIA: PETRONAS, in a move to expand its petrochemicals business and further spur the growth of Malaysia’s oil and gas downst ...

Read more
Chemtura to increase price of Royaltuf polymer modifiers

PHILADELPHIA, US:  Chemtura Corporation is raising price of Royaltuf polymer modifier products supplied by the polymer antioxidants and UV stabil ...

Read more
Sunoco to sell Philadelphia site to Honeywell

PHILADELPHIA, US: Sunoco Inc is selling its one billion pound per year phenol and acetone manufacturing facility in Philadelphia to Honeywell. Sunoco ...

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