Thursday, May 17, 2012

US to impose import tariffs on Chinese solar panels




US imposes import tariffs on Chinese solar panels

The US has said it will impose tariffs of about 30% on imports of solar panels from China.
The US had already set customs duties on Chinese manufacturers of between 2.9% and 4.73% in March.

Most of the top Chinese exporters are affected, including Suntech Power Holdings and Trina Solar.

The ruling came after several US solar panel manufacturers, led by SolarWorld, asked the government to penalise Chinese companies for dumping low-priced products on US markets.

Opponents of the decision, however, said the tariffs could hurt the industry as a whole.

They argued that less expensive imports had helped make solar panels more affordable for US customers.

No comments:

Post a Comment