China Levies 6.5% Tariff on US Solar-Panel Materials
By Wayne Ma
China said it would impose tariffs on imports of U.S. raw materials used to make solar panels, but the levies fell far short of what Beijing had threatened.
China’s Commerce Ministry said Monday that it would impose a 6.5% tariff on materials from most U.S. polysilicon suppliers, beginning Friday. The ministry said in July that the tariffs, which it described as an antisubsidy measure, could reach as high as 57%.
The decision followed a U.S. move last year to impose tariffs on Chinese-made solar cells, after Washington determined that Chinese manufacturers received illegal subsidies and dumped their goods in the U.S.
Beijing’s action also came after China and the European Union settled a dispute in July over the alleged dumping of Chinese-made solar panels in Europe. The EU backed away from threats to impose heavy tariffs, instead agreeing to set a minimum price for Chinese-made solar panels and capping the volume that could be sold in Europe. The dispute had threatened to set off a trade war as Beijing in retaliation began an investigation into European wine.
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