2nd Round of Chinese Solar Tariffs Hits Hard [View all]

[FBaggins]

This month, the U.S. Department of Commerce announced that new tariffs being levied on Chinese solar panel imports will be almost 10 times high than previously announced – putting these new tariffs to around 35%. In March the U.S. Commerce Department announced that a 3-5% tariff would be imposed, but reserved the right to revise this figure before the final rule came into effect later this year.

These tariffs are the result of the unanimous finding by the U.S. Trade Commission last December, which stated that “there is a reasonable indication that a U.S. industry is materially injured by reason of imports of crystalline silicon photovoltaic cells and modules from China that are allegedly subsidized and sold in the United States at less than fair value.”

Under the new anti-dumping tariffs on products exported to the United States by Chinese solar manufacturers, products exported these companies will still face the 2.9-4.73% tariffs previously announced. But, 61 companies will face additional tariffs to the tune of 31.14% to 31.22%. Specifically, these additional proposed tariffs will look like this:

1.Suntech Power Holdings Co. – 31.22%
2.Trina Ltd. – 31.14%;
3.59 other firms – 31.18%.

These companies represent those that cooperated with U.S. investigation proceedings earlier this year. Those companies that did not cooperate face tariffs of up to 250%.

http://blogs.scientificamerican.com/plugged-in/2012/05/31/2nd-round-of-chinese-solar-tariffs-hits-hard/