Trade war: Chinese solar exporters to rebut U.S. tariffs

Trade war: Chinese solar exporters to rebut U.S. tariffs

Summary: Chinese solar panels makers are forging alliance to rebuttal the newly imposed punitive tariffs on exports to the US, as the Commerce Department set a new rate of over 30% on May 17.

TOPICS: Government, Banking

Chinese solar panel makers are forging alliances to rebut the newly imposed punitive tariffs on exports to the United States, as the Commerce Department set a new rate of over 30% on May 17.

"We held an emergency meeting in the morning of May 18 after hearing the news, and we are now contacting and mobilizing Chinese companies to rebut the tariffs," said Gao Hongling, Deputy Secretary General of the China Photovoltaic Industry Alliance. "We remain optimistic because we successfully brought down the rate to 2.9%-4.73% as the US Commerce Department set the tariffs on our solar cells in March."

"Chinese companies should get together and make good use of the next few months to be prepared for the rebuttal," said Zhang Jianping from the Chinese National Development and Reform Commission. "We need to prove to the US government that we don't export cut-price solar products either by government subsidy or dumping. The companies should join forces through industry alliances and committees."

Chinese solar penal prices rose over 70% between 2008 to 2010; it is not fair to impose anti-dumping tariffs on these products, according to He Weiwen, Office Director of the China International Trade Study Center.

"The tariffs could backfire on the US economy too," said He. "Many Chinese solar makers import raw materials and equipment from the US; the tariffs could bring down production and employment within the U.S."

Last year, China imported 64,613.86 tons of Polysilicon, 17,476.32 tons of which came from the US, Chinese Custom statistics shows.

Topics: Government, Banking

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  • Tariffs and trade limits are there for a reason.

    Its not our job to ensure the success of Chinese solar manufacturers.
  • Ugh.

    Do they have a reason to do this other than it's China? I get that China isn't the greatest place to be, but that doesn't mean you don't have to play nice.
  • I am not a supporter of tariff

    I am a Chinese student learning finance and economics, and I am interested in the effect of a tariff. Will it really have the effect of protecting a country's domestic industries, or will it just be ignored? I read on Daxue Consulting's website about China's economy analysis, and regard it as useful. In this case, I don't think America should impose tariff war on China, for it is not good for both of them.
    Actually I don’t think tariffs will work. The world is inevitably internationalizing, and opening market to products from different countries will help a country learn more about its own relative advantages and allocate resource to its advantage industries. In this way resource is better used and we all improve efficiency.