Posted on 03/20/2012 3:04:23 PM PDT by NormsRevenge
The US has imposed duties on Chinese solar panel manufacturers after it said that they received unfair subsidies.
Chinese exporters into the US - including Suntech - will now face customs tariffs of between 2.9% and 4.73%, the Commerce Department said.
In 2011, imports of solar cells from China into the US were valued at $3.1bn (£1.96bn), it added.
The price of solar panels dropped more than 30% last year, mainly linked to cheaper panels made in China.
"Countervailable subsidies are financial assistance from foreign governments that benefit the production of goods from foreign companies," the Commerce Department said.
China's Suntech, the world's largest producer of solar panels, will now face duties of 2.9% to offset what the US said is its subsidy from the Chinese government.
Another firm, Changzhou Trina Solar Energy, will receive duties of 4.73%.
All others face duties of 3.61%.
(Excerpt) Read more at bbc.co.uk ...
Keywords - China Tariffs
2 earlier AP FR threads
http://www.freerepublic.com/focus/search?m=all;o=time;q=quick;s=china%20tariffs
The US has imposed duties on Chinese solar panel manufacturers after it said that they received unfair subsidies.
There is a HUGE field of Chinese windmills just north of me along I-65 that got some of those “Unfair” subsidies.
FROM BARACK OBAMA....
It’s the “Fair” thing to do.....maybe we should also subsidize the solar industry....sarc
Well at least we are not hypocritical, excepting for Solyndra, Suntech, etc. This is just the first shot in the upcoming trade war if the Food Stamp President and progressives retain power. Sort of brings back those feel good feelings of the 1920s and 1930s that brought on the depression.
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