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Monday, 28 July 2014

China Criticizes New U.S. Tariffs on Solar Products

China’s Commerce Ministry castigated the United States on Monday for setting new import duties on Chinese solar products, saying Washington’s actions risked damaging the industry in both countries.


On Friday, the United States Commerce Department placed heavy antidumping duties on solar panels and cells from China after a preliminary finding that the products were being sold in the United States for less than the cost of production.


The move by Washington, which must still be confirmed, was the latest in a long-running solar industry trade dispute between the world’s two largest economies and came on top of anti-subsidy duties levied last month.


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Reuters via CHINA US Focus http://ift.tt/1AqRSL2

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