Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

China Says U.S. Renewable Subsidies Violate Trade Rules

U.S. renewable-energy subsidies in five states violate free-trade rules, China’s Ministry of Commerce said today.

The ministry identified programs supporting renewable power, including wind and solar, in California, New Jersey, Massachusetts, Ohio and California that violate World Trade Organization policies and trade treaties, according to a preliminary finding on the agency’s website today.

The finding comes a week after the U.S. Commerce Department announced tariffs as high as 250 percent on Chinese solar cells and is the latest salvo in a renewable-energy trade dispute, according to Theodore O’Neill, an analyst at Wunderlich Securities Inc. in New York.

“It’s a long, slow escalation of trade and currency wars as we race to the bottom,” O’Neill said today in an interview.

Chinese solar companies have criticized Commerce’s preliminary decision May 18 that they improperly benefit from government subsidies and sell solar cells below cost. At least four U.S. solar manufacturers filed for bankruptcy in the past year.

Fourteen Chinese solar panel companies formed a group to develop a response to the U.S. tariffs, the China Chamber of Commerce for Import and Export of Machinery of Electronic Products said today.

China initiated the investigation into U.S. subsidies in November, a month after seven U.S. solar manufacturers filed a complaint with the U.S. International Trade Commission and Commerce.

‘Economic Warfare’

All countries offer subsidies to certain industries, Hari Chandra Polavarapu, an analyst at Auriga USA LLC in New York, said in a telephone interview.

“The absurdity is the scope and depth of the subsidies in China,” Polavarapu said. “You’re competing against a sovereign when you’re talking about the Chinese solar industry. It’s economic warfare.”

The Commerce Department said a final determination on the solar tariffs would be made in early October. U.S. customs agents will collect a deposit or bond on solar cells made in China in the 90 days before last week’s decision. Duties range from 31 percent to 250 percent for different manufacturers.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.