U.S. Sets Duties as High as 4.73% on China Solar Equipment
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President Barack Obama’s administration imposed preliminary duties of as much as 4.73 percent on solar-energy equipment imported from China, a rate that an analyst said may have little impact on the industry.
Suntech Power Holdings Co., the world’s largest solar-panel maker, was told to pay a 2.9 percent tariff and Trina Solar Ltd. will pay 4.73 percent to make up for subsidies they received from China’s government, the Commerce Department said today in a statement. All other Chinese solar-equipment firms were told to pay 3.61 percent. The duties are retroactive for 90 days before the ruling.