Eu Imposes Tariffs On Chinese Solar Panels

By tim king and andrew gardner.

Eu imposes tariffs on chinese solar panels.

The tariffs which china had said could ignite a trade war are being phased in to avoid disrupting the very large market for solar panels in the european union the commission said. De gucht says tariffs will rise to more than 47 after two months. 6 4 13 8 41 am cet. Cn with chinese companies dumping solar panels on the eu at prices 88 percent lower than market value the european commission said it must impose tariffs.

The european union has moved to limit chinese imports via tariffs on products from bicycles to solar panels in some cases prompting beijing to retaliate with its own anti dumping duties. Solar industry says eu tariffs on chinese imports will raise panel prices europe s solar industry has condemned an eu vote to impose another round of duties on chinese imports just weeks before. After a nine month investigation eu regulators found that the chinese companies have been selling solar panels cells and wafers to european customers at prices far below market value. The european commission on tuesday 4 june decided to impose anti dumping tariffs on chinese solar panels the largest case to date involving over 20bn worth of imports despite german led opposition from member states.