U.S. to Place Tariffs on Solar Panels From China |
| New York Times - Mar 20, 2012 |
The Commerce Department has decided to impose tariffs on solar panels imported from China after concluding that the Chinese government provided illegal export subsidies to manufacturers there.
The tariffs were smaller than many industry executives had expected — 2.9 to 4.73 percent — which could blunt their effect on sales. But the decision was nonetheless likely to be seen as a milestone because of its implications for international trade, renewable energy and American manufacturing.
The tariff decision was the result of a quasi-judicial review process by civil servants in the Commerce Department. But with China and trade policy both hot-button issues in American presidential campaign politics, the imposition of tariffs by a department of the Obama administration seemed certain to enter the partisan fray.
The president’s backers might point to it as evidence that he continues to get tough with Beijing. But opponents, including the Republican presidential candidate Mitt Romney, who are already criticizing Mr. Obama for what they say is the low level of attention to China trade issues, might call the small penalties insufficient.
Read Full Article from New York Times
- Posted: 2012-03-20 14:08:41
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