U.S. anti-dumping tariffs hit Chinas solar energy market
Published By : 29 Jul 2014 | Published By : QYRESEARCH
United States has imposed new set of import duties on the solar energy market of China. This move comes after U.S. realized that Chinese Commerce Department selling the imported solar cells and panels at cheaper prices in U.S market was hurting the western producers.
This means that tariffs imposed on the China made solar products would be on top of the anti-dumping duties which were as high as 165.04%.
There has been a rise of about 10% in the cost of pricing of Chinese products. This has resulted in an obvious drop of demand for the key low-cost producers based in China.
The outcome of latest policy of by U.S. is seen through the figures such as Suntech Power, one of China’s big manufacturer meet anti-dumping duties at about 50%, while Trina Solar reaches 30%.
The dumping duties of 44.78% and 27.59% were also made applicable to Motech and Gintech Industry, respectively.
These duties are likely to affect the relationship between U.S. and China, adding to the existing tensions, of China spying in on U.S. companies with regards to selling conflicts, including that of SolarWorld.
All of this has negatively impacted the Chinese solar energy stocks.