(Mark Drajem & Ehren Goossens – Bloomberg)
China said a U.S. ruling that will trigger tariffs on solar panels imported from China and Taiwan will hurt both local manufacturers and American companies that buy them.
The U.S. International Trade Commission yesterday ruled that solar products imported from China and Taiwan harm manufacturers, the final step for imposing dumping and anti-subsidy duties on the imports. It’s part of a clean-energy trade dispute between the world’s largest economic powers.
The move threatens global development of renewables and will ultimately hurt U.S. companies that benefit from low-priced solar components, China’s commerce ministry said today in a statement on its website. China will protect its own interests in the framework of the World Trade Organization and through the U.S. justice system, it said. Click here to read more.