The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world's two biggest economies and sparking accusations by Beijing of protectionism.
The new tariffs of around 30 percent, much bigger than had been expected, were set on Thursday by the U.S. Commerce Department after it ruled in favor of local firms which said Chinese exporters were dumping cut-price panels on their market.
The size of the tariffs is larger than Chinese companies had expected and some analysts said it might prompt them to manufacture elsewhere or look for alternative markets.
"The U.S. decision lacks fairness and China expresses its strong displeasure", a spokesman for China's Ministry of Commerce, Shen Danyang, said in a statement posted on the ministry's website (www.mofcom.gov.cn).
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The new tariffs of around 30 percent, much bigger than had been expected, were set on Thursday by the U.S. Commerce Department after it ruled in favor of local firms which said Chinese exporters were dumping cut-price panels on their market.
The size of the tariffs is larger than Chinese companies had expected and some analysts said it might prompt them to manufacture elsewhere or look for alternative markets.
"The U.S. decision lacks fairness and China expresses its strong displeasure", a spokesman for China's Ministry of Commerce, Shen Danyang, said in a statement posted on the ministry's website (www.mofcom.gov.cn).
Read More
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