Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Energy & Commodities
 Search News  Or
U.S. imposes new tariffs on Chinese solar imports

May. 18, 2012 (China Knowledge) - The U.S. Department of Commerce announced yesterday it would set punitive tariffs of 30% or more on solar imports from China. The commerce department claims the Chinese solar exporters are dumping cut-price solar products into the U.S. market.

The action had slammed the stock prices of Chinese listed-companies that include Yingli Green Energy Holding Co Ltd<YGE>, LDK Solar Co Ltd<LDK>, Canadian Solar Inc<CSIQ>, JA Solar Holdings Co Ltd<JASO> and JinkoSolar Holding Co Ltd<JKS>.

Other Chinese companies could even suffer a 250% tariff.

The new tariffs follow a previous duty range between 3% and 5% levied in March by the U.S. that ruled the Chinese companies had received unfair export subsidies.

Around 20% of the total revenue in Chinese solar industry derived from the U.S., said analysts, adding that China exported US$3.1 billion worth of solar products to the U.S. in 2011, much more than US$600 million in 2009.

The punitive tariffs could drive up the prices of solar products in U.S. and dampen the nascent growth of clean energy in the country.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved