'US solar panel duties could cost it China market'
The U.S. International Trade Commission voted last week in favour of duties ranging from 23.75 percent to about 250 percent, ruling that a flood of cheap solar panels from China had hurt U.S.-based manufacturers. Similar cases are under way in Germany.
China has already struck back by launching an investigation into imports of solar- grade polysilicon from both the United States and South Korea, and warned of action against European polysilicon.
If you say I bought your equipment and raw materials but now that I am shipping my products you want to pop on a 249 percent tariff, fine then, buy why should I buy any more of your raw materials or equipment? Chen told reporters on the sidelines of the 18th Communist Party Congress that will anoint the next generation of Chinese leaders.
That's why I say any unilateral trade action will also impact the instigator. China is developing, urbanizing, China has a lot of construction under way and will need solar products, so the U.S. is losing out on a big market in the future.
The United States imported about $3.1 billion worth of solar cells and panels from China in 2011, up from $640 million two years earlier, although both figures contain some products not covered by the ITC investigation.
Be the first to comment.