To combat the dumping of Chinese solar panels, the US has set heavy duties on billions of dollars worth of solar panel imports from the Mainland.
China’s solar industry is heavily subsidized by the Chinese government, creating an oversupply of panels, and dumping at much lower rates.
The Commerce Department says Chinese companies were dumping solar cells and panels at prices 18 to 250 percent below market price.
The imposed duties could range from 30 to 250 percent depending on the company and the government subsidy they receive. The Commerce Department also set countervailing duty rates ranging about 15 to 16 percent to compensate for the subsidies.
The imposing of anti-dumping duties is currently limited to panels made of Chinese solar cells, and excludes panels made of non-Chinese solar cells.
China has warned the US stance could damage US-China trade relations and slower the development of solar energy sector.
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Post time: Jan-30-2017