Jinko Solar Holding (JKS)

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UPDATE 1-U.S. sets anti-dumping duties on solar imports from China, Taiwan

Fri Jul 25, 2014 5:23pm EDT


(Reuters) - The United States on Friday set new import duties on solar products from China and Taiwan after the Commerce Department found that the solar panels and cells are being sold too cheaply on the U.S. market.

Preliminary anti-dumping duties as high as 165.04 percent for Chinese goods would come on top of anti-subsidy levies imposed last month, as the U.S. arm of German solar manufacturer SolarWorld AG seeks to close a loophole allowing Chinese producers to sidestep duties imposed in 2012.

China's Trina Solar faces total import duties of nearly 30 percent and Suntech Power nearly 50 percent as a result of the U.S. decision on Friday.

Taiwanese producers face anti-dumping duties of up to 44.18 percent, with the highest rate applying to Motech Industries , the Commerce Department said.

The new duties, which must still be confirmed, are likely to inflame U.S.-China tensions already exacerbated by recent accusations that Chinese military officers were cyber-spying on U.S. companies involved in trade disputes, including SolarWorld.