Bloomberg News

Tariffs on Solar-Gear Imports From China Raised by U.S.

June 26, 2012

The U.S. Commerce Department determined that Chinese solar-product imports should be subject to additional tariffs to offset government subsidies, according to an agency document.

The department, which on May 17 announced anti-dumping duties as high as 250 percent on imports from China, found additional state subsidies benefiting the nation’s producers, Tim Truman, a department spokesman, said today in an e-mail.

The Commerce Department in March announced anti-subsidy duties as high as 4.73 percent for the Chinese solar-energy items. The revised determination in a June 22 memorandum would increase the tariffs to 3.44 percent from 2.9 percent on imports from Suntech Power Holdings Co. (STP:US), and to 5.81 percent from 4.73 percent on imports from Trina Solar Ltd. (TSL:US), according to a statement yesterday from the Coalition for American Solar Manufacturing. The group, led by SolarWorld AG (SWV), represents companies that produce solar-energy products in the U.S.

The agency’s tariff determinations are preliminary, and no additional duties will be collected at the U.S. border as a result of the new analysis, Truman said. A final decision is scheduled for Oct. 10, he said.

To contact the reporter on this story: Brian Wingfield in Washington at bwingfield3@bloomberg.net

To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • TSL
    (Trina Solar Ltd)
    • $13.65 USD
    • -0.03
    • -0.22%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus