US solar firms file trade complaint against China

[JayAtl]

WASHINGTON — A group of seven U.S. solar panel companies filed a federal trade complaint Wednesday against Chinese companies they accuse of "dumping" solar products on global markets to depress prices.

The U.S. solar companies filed their case with the Department of Commerce and International Trade Commission. The complaint asks the government to impose tariffs of "well over 100 percent" on Chinese solar imports, said Greg Stanko, a spokesman for the U.S. companies.

The group of U.S. solar manufactures said in a statement that China is unfairly subsidizing its industries with "an arsenal of land grants, contract awards, trade barriers, financing breaks and supply-chain subsidies to advance its pricing and export aggression."

The Chinese Embassy did not respond to a message seeking comment Wednesday.

The U.S. companies also accused China of illegally dumping its products on the global market, a trade violation in which a country sells goods below the price of production to wipe out competition.

"China's wrongful tactics run systematically across the board ... China actually has no production cost advantage," Gordon Brinser, president of SolarWorld Industries America Inc., said in a statement.

The U.S. solar industry is struggling against stiff competition from China as well as weak demand in key markets, particularly recession-battered Europe.

Those struggles were underscored by the collapse in Solyndra LLC. The solar panel maker based in Fremont, Calif., was the beneficiary of a half-billion-dollar federal loan but filed for bankruptcy in August and laid off its 1,100 workers.

US solar firms file trade complaint against China

 

[darkhero]

It would be a news when they file trade complaint again India.

 

[JayAtl]

I really hope the traffis is imposed. The chiense dumping of goods is well know and have destoyed local industries in asia, africa , europe and the US.

 

[JayAtl]

China's Suntech rebuffs U.S. solar complaint



(Reuters) - China's Suntech Power Holdings Co Ltd lashed out against an anti-dumping complaint filed by major U.S. solar energy corporations this week, saying "anyone can file one of these actions" and that it will conduct business as usual.

The world's largest maker of solar panels said on Thursday that the filing "is in no way a validation from the U.S. government as to the merits of the action."

On Wednesday, seven U.S. solar manufacturers asked the Obama administration to slap duties of more than 100 percent on China imports, which they said were unfairly undercutting U.S. prices and destroying American jobs.

The complaint -- filed with the International Trade Commission and the U.S. Department of Commerce -- against the world's no. 2 economy drew skepticism from within the industry, with many fearing a trade war could disrupt growth.

"Each individual company, including Suntech, will respond in accordance with ITC & DOC guidelines," Suntech said in a statement.

"As a global company listed on the NYSE, we are confident in our position and well-prepared to substantiate our strict adherence to fair international trade practices."

Shares in the Chinese company slid 3 percent to $2.02 in afternoon trade.

 

[LetsGetRowdy]

US firms file complaints and take each other to court all the time. China is just having it's share of this market lol