Briefs

Solar: China escapes steep tariffs

The Obama administration has imposed import duties of as much as 4.73 percent on solar-energy equipment from China, backing a complaint from U.S. solar makers that said their mainland rivals were receiving improper government subsidies. Shares of the Chinese solar companies rallied on the news, as Wall Street had been expecting steeper tariffs. Bloomberg New Energy Finance analyst Anthony Kim called the move a “symbolic” gesture, noting that Chinese solar modules are 10 percent cheaper than similar products made elsewhere. Still, the duties may persuade some Chinese companies to shift some production to the U.S.

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