Friday, May 18, 2012

US puts tariffs on Chinese panels | The Top News | Only Top News of the Day

US puts tariffs on Chinese panels | The Top News | Only Top News of the Day: "In 2011, imports of solar cells from China into the US were valued at $3.1bn (£1.96bn)
The US has said it will impose tariffs of about 30% on imports of solar panels from China.
The Commerce Department sided with US-based solar panel companies, ruling their Chinese competitors were flooding the US market with government-subsidised products.
The US had already set customs duties on Chinese manufacturers of between 2.9% and 4.73% in March.

It was the latest escalation of trade tensions between the two countries.
The choice by the Commerce Department is preliminary, and the companies will have the option to challenge the tariffs before they are made final later this year.
Most of the top Chinese exporters are affected, including Suntech Power Holdings and Trina Solar."

'via Blog this'

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