U.S. Imposes Tariffs On Chinese Solar Cells

New submitter kimtysirt sends this excerpt from a Bloomberg report about U.S. tariffs for Chinese solar panels: "The U.S. yesterday imposed tariffs of as much as 250 percent on Chinese-made solar cells to aid domestic manufacturers beset by foreign competition, though critics said the decision may end up raising prices and hurting the U.S. renewable energy industry. The U.S. Commerce Department ruled that Chinese manufacturers sold cells in the U.S. at prices below the cost of production and announced preliminary antidumping duties ranging from 31 percent to 250 percent, depending on the manufacturer. China criticized the action, saying the U.S. is hurting itself and cooperation between the world’s two largest economies. The decision is meant to provide a boost to the U.S. solar manufacturing industry, where four companies filed for bankruptcy in the past year."

Comments

Re:Yes, it will raise prices

[h4rr4r]

They can corner the market on the cells. They did this with Rare Earths already. They undercut everyone on price, then starting instituting policies limiting exports of raw rare earths.

I would assume the long term goal is similar, limit sales of non-finished panels once there are no competing producers of cells.