Decision on Chinese Solar-Imports Tariff Delayed by U.S.

[2012-03-05 11:07:37]


The U.S. Commerce Department delayed a decision on additional tariffs for Chinese solar-equipment makers until March 19.

The decision, scheduled for Mar. 3, 2012, is being postponed because of the "extraordinarily complicated" investigation, according to a notice in the Federal Register on Feb. 22. U.S. solar-equipment manufacturers, led by SolarWorld AG (SWV)'s U.S. unit, claim they are being harmed because China's government uses cash grants, discounts on raw materials, preferential loans and tax incentives, and manipulates its currency to boost exports of solar cells.
Source: Bloomberg
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