Bad news for consumers in the US
Andrew Restuccia - THEHILL
- May 17, 2012
Too late for Solyndra --Ed.
The Obama administration will impose hefty tariffs on Chinese solar imports after determining Thursday that the country is flooding the market with underpriced panels.
The Commerce Department, in a preliminary determination, ordered U.S. Customs and Border Protection to impose tariffs of between 31 and 250 percent on solar imports from various Chinese companies.
The decision is a victory for solar panel manufacturer SolarWorld Industries America, which, along with several other manufacturers, pressed the administration to impose the tariffs last year.
The verdict is in, SolarWorld President Gordon Brinser said in a statement. In addition to its preliminary finding that Chinese solar companies were on the receiving end of at least 10 WTO-illegal subsidies, Commerce has now confirmed that Chinese manufacturers are guilty of illegally dumping solar cells and panels in the U.S. market. We appreciate the Commerce staffs hard work on this matter.... [Read More]