US solar panel duty 'may hit its exports'
Source: Agencies |
November 11, 2012, Sunday
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Print Edition
Print Edition
THE US decision to approve steep duties on Chinese-made solar panels could cost American exporters a growing market, Chinese Commerce Minister Chen Deming said yesterday, adding that he didn't want a trade war.
The US International Trade Commission voted last week in favor of duties from 23.75 percent to about 250 percent, ruling that a flood of cheap solar panels from China had hurt US-based manufacturers. Similar cases are under way in Germany.
China has struck back by launching an investigation into imports of solar-grade polysilicon from 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'm shipping my products you want to pop on a 249 percent tariff, fine then. But why should I buy any more of your materials or equipment?" Chen told reporters on the sidelines of the 18th Communist Party Congress.
China's solar product manufacturers import more than US$6.3 billion worth of equipment from the US and billions of dollars of raw materials from many other countries, he added.
The US International Trade Commission voted last week in favor of duties from 23.75 percent to about 250 percent, ruling that a flood of cheap solar panels from China had hurt US-based manufacturers. Similar cases are under way in Germany.
China has struck back by launching an investigation into imports of solar-grade polysilicon from 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'm shipping my products you want to pop on a 249 percent tariff, fine then. But why should I buy any more of your materials or equipment?" Chen told reporters on the sidelines of the 18th Communist Party Congress.
China's solar product manufacturers import more than US$6.3 billion worth of equipment from the US and billions of dollars of raw materials from many other countries, he added.
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