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


BASF increases polyamide 6 capacity at Ludwigshafen site

LUDWIGSHAFEN, GERMANY: BASF increased its capacity for Ultramid B (polyamide 6) film product materials at its Ludwigshafen Verbund site by 21,000 metr ...

Read more
PetroLogistics invests $2 mn for PDH facility repair

HOUSTON, US: PetroLogistics LP temporarily brought its propane dehydrogenation facility down for unscheduled repairs on 17 December 2012 as a result o ...

Read more
Evonik expands silica capacity in Chester, US site

ESSEN, GERMANY: Evonik Industries plans to increase its annual production capacities for precipitated silica at its US site in Chester, by around 20,0 ...

Read more
Valent acquires Pace, expands global biorational business

LIBERTYVILLE, US: Valent BioSciences Corporation (VBC) has signed a definitive agreement to acquire Pace International LLC, a global leader in the pos ...

Read more
Scientists produce succinic acid from soybean

HOUSTON, US: The humble soybean could become an inexpensive new source of a widely used chemical for plastics, textiles, drugs, solvents and as a food ...

Read more
BASF starts production at manufacturing plant in Nanjing, China

NANJING, CHINA: BASF has begun production of chemicals for water treatment and paper manufacturing at the Nanjing Chemical Industry Park in Nanjing, C ...

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