Trade war between US and China escalates

Solar trade disputes on anti-dumping duties

Solar trade war between US and China

A trade war begun between US and China as politicians argued and it all that started from a misunderstanding between solar manufacturers in China and Taiwan and U.S. Department of Commerce.

The ministry of Commerce in China responded to anti-dumping measures and counter investigations on Chinese solar products as it follows: “China will closely follow the case, assess the impact on the Chinese solar sector and resolutely safeguard our interests through various mechanisms.”

With delegates from China, Hong Kong, Chinese Taipei and the U.S. that participated in Friday’s pledge, the outcome of the U.S. Department of Commerce to begin anti-dumping (AD) and countervailing duty (CVD) investigations into Chinese and Taiwanese-made modules, including Taiwanese cells, will make sure that negotiations at the WTO, World Trade Organization, will not progress.

The list of goods for which it is hoped all tariffs and other trade barriers will be removed includes solar cells and inverters.

The US department of Commerce announced that an investigation started from a complaint that Chinese manufacturers were using alternative regarding import duties for solar imposed in 2012 to continue and sell at very low prices in the American market.

On the other hand, The Solar Energy Industries Association reported that if the US went forward with a new set of import duties regarding solar panels from China and Taiwan, it could lead to the cut off the supply of low-cost equipment that had a major impact in the industry’s boom in the past few years. A spokesman of SEIA announced that “As the conflict escalates, the threat to the industry grows.”

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Posted by on Jan 27 2014. Filed under _featured slider, Asia, Market News, Solar PhotoVoltaics, USA. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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