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Friday, 19 July 2013

China’s Feud With West on Solar Leads to Tax

Escalating a long-simmering trade dispute with the West over solar panels, China plans to impose tariffs that could exceed 50 percent on a material it imports from the United States and South Korea to make the panels, its Ministry of Commerce announced on Thursday.


The decision, which goes into effect next week, is a blow to the American industry, which analysts say counts China as its largest customer for solar-grade polysilicon, the main ingredient in solar panels.


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Diane Cardwell, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/n5YXrJG2T64/

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