Breaking News

Tweet TWEET

U.S. Raises Wind-Energy Duties on Chinese, Vietnamese Companies

The U.S. increased import duties on wind towers produced by Chengxi Shipyard Co. and CS Wind Corp. from preliminary levies imposed earlier this year in an attempt to prevent the goods made in China and Vietnam from undercutting the domestic industry.

The final rate for CS Wind, to offset government subsidies, is 21.86 percent. Rates to prevent the goods from being sold in the U.S. below cost are 47.59 percent for Chengxi and 44.99 percent for Titan Wind Energy Suzhou Co., the Commerce Department said today in a statement.

To contact the reporter on this story: Brian Wingfield in Washington at bwingfield3@bloomberg.net

To contact the editor responsible for this story: Daniel Enoch at denoch@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.