Sunday, June 3, 2012

Solar Market Braces For U.S.-China Trade Ruling

The U.S. solar-power industry has been nervously awaiting a federal decision on whether to impose antidumping tariffs on Chinese solar-panel makers.

The Department of Commerce is scheduled to issue a decision Thursday on the tariffs as part of an investigation into accusations that Chinese solar-panel makers receive unfair government subsidies and sell their products in the U.S. at prices below the cost of production.

In a related decision in March, the department slapped tariffs of between 3% and 5% on imported Chinese solar panels and found that Chinese solar manufacturers enjoyed some unfair government financial assistance that helped them become an export powerhouse.

The U.S. unit of Germany-based SolarWorld and six other U.S. firms brought the complaint to the Commerce Department last year and filed a similar complaint with the International Trade Commission, which has been conducting a separate investigation.

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