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5/17/12

Trade War ? US commerce department brings heavy tariffs against Chinese solar panels - by Suzanne Goldenberg

The Obama administration imposed heavy tariffs on Chinese solar panels on Thursday, after finding that China is flooding the market with government subsidised products.

The preliminary decision, that China had dumped solar products on the US for less than the cost of manufacture, will result in tariffs of between 31% and 250% on Chinese imports.
It was seen on Thursday as a mixed blessing.

US solar panel makers, who brought the original complaint, are expected to benefit. But the tariffs, by forcing up prices, are expected to slow the adoption of solar power more generally.
There were also fears the move could lead to a broader US-Chinese trade war.

Read more: US commerce department brings heavy tariffs against Chinese solar panels | World news | guardian.co.uk

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