China said a preliminary ruling by a U.S. trade panel that imports of Chinese solar panels are harming the domestic industry shows the country’s “inclination to trade protectionism.”
The U.S. International Trade Commission on Dec. 2 took the first step toward imposing added tariffs on Chinese solar imports, voting unanimously in Washington on a petition by Bonn- based SolarWorld AG (SWV) that called for antidumping and countervailing duties. The commission will now hold a full investigation.
“The ruling was made without sufficient evidence showing U.S. solar panel industry has been harmed,” China’s Ministry of Commerce said in a statement on its website yesterday. The decision was taken “regardless of defense opinions from Chinese firms, as well as opposition from the U.S. domestic industries and other stakeholders, which prominently shows the U.S.’s strong inclination to trade protectionism and for which China is deeply concerned.”
The Chinese government uses cash grants, raw-materials discounts, preferential loans, tax incentives and currency manipulation to boost exports of solar cells, according to SolarWorld’s Oct. 19 complaint to the ITC and the U.S. Commerce Department. SolarWorld, a maker of solar modules, is seeking duties to offset the practices.
The ITC is examining possible economic harm to SolarWorld from Chinese imports, while the department determines the penalty for Chinese companies that illegally dump products.
The department may decide on preliminary remedies as early as Jan. 12.
Tariffs may raise the cost of modules by 10 percent, Aaron Chew, a senior analyst at New York-based Maxim Group LLC, said in a Dec. 2 research note.
The U.S. International Trade Commission on Dec. 2 took the first step toward imposing added tariffs on Chinese solar imports, voting unanimously in Washington on a petition by Bonn- based SolarWorld AG (SWV) that called for antidumping and countervailing duties. The commission will now hold a full investigation.
“The ruling was made without sufficient evidence showing U.S. solar panel industry has been harmed,” China’s Ministry of Commerce said in a statement on its website yesterday. The decision was taken “regardless of defense opinions from Chinese firms, as well as opposition from the U.S. domestic industries and other stakeholders, which prominently shows the U.S.’s strong inclination to trade protectionism and for which China is deeply concerned.”
The Chinese government uses cash grants, raw-materials discounts, preferential loans, tax incentives and currency manipulation to boost exports of solar cells, according to SolarWorld’s Oct. 19 complaint to the ITC and the U.S. Commerce Department. SolarWorld, a maker of solar modules, is seeking duties to offset the practices.
The ITC is examining possible economic harm to SolarWorld from Chinese imports, while the department determines the penalty for Chinese companies that illegally dump products.
The department may decide on preliminary remedies as early as Jan. 12.
Tariffs may raise the cost of modules by 10 percent, Aaron Chew, a senior analyst at New York-based Maxim Group LLC, said in a Dec. 2 research note.
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