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UDPATE: US Sets Initial Retaliatory Duties On Solar Panels From China

--Commerce Department to impose countervailing duties on Chinese solar panels and solar cells --The department found the companies have received unfair government subsidies --The duties range between 2.9% and 4.73% --Both sides claim victory as the investigation continues (Adds stock prices in the third paragraph, comments from U.S. solar firm CEO in the fifth paragraph, an opponent of the trade case in the seventh paragraph and a SolarWorld attorney in the ninth paragraph, and other details.) By Tom Barkley and Cassandra Sweet Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. Commerce Department announced a preliminary decision Tuesday to impose modest import duties on Chinese solar panels of below 5%, while continuing its probe into allegations by struggling U.S. producers that they are the victims of unfair competition. In the high-profile case, Commerce backed claims made last October by the U.S. unit of Germany-based SolarWorld (SWV.XE) and six other U.S. firms that Chinese solar-panel suppliers had received unfair government subsidies. However, the department proposed relatively low countervailing duties of between 2.9% and 4.73% on the Chinese imports. Still, the U.S. is also investigating allegations that the solar panels and solar cells are being dumped, or sold at less than normal value, with an initial announcement on antidumping duties expected soon. Commerce expects to make a final decision on the countervailing duties in June. Before the duties can take effect, the International Trade Commission would have to find that U.S. producers are being harmed by the imports. The independent government panel is expected to vote in July. The case has exacerbated trade frictions with Beijing, while dividing the U.S. solar-power market at a time when solar-panel makers have been struggling with plunging prices amid an oversupply of panels, primarily from China. Imports of the panels from China more than doubled in value last year to $3.12 billion. President Barack Obama has taken heat from Republican rivals for the upcoming elections for his policies to counter Chinese competition and for his clean-energy policies, under which solar-panel maker Solyndra LLC received more than $500 million in federal loans before filing for bankruptcy. The president plans to visit a Sempra Energy (SRE) solar-power plant in Nevada on Wednesday as part of a trip focused on energy. China's Ministry of Commerce has criticized the U.S. investigation as an example of "protectionism," while Chinese solar-panel makers and some of their U.S. clients have warned that antidumping tariffs could result in financial losses for some U.S. consumers and job losses for workers in the industry. Suntech, Trina, Yingli Green Energy Holding Co. Ltd. (YGE) and other large Chinese solar-panel makers have denied dumping panels in the U.S., and have also denied accusations they received unfair government subsidies. -By Tom Barkley and Cassandra Sweet, Dow Jones Newswires; 202-862-9275; tom.barkley@dowjones.com

Stock News for Trina Solar Ltd Adr (TSL)
DateTimeHeadline
04/13/201507:00:00Trina Solar Announced to Supply 116 MW Modules to Japan's Largest...
04/11/201511:53:32Trina Solar: Increasing Connections To The Grid And Low Costs...
04/08/201514:25:38Solar Module Manufacturers - Who Can Benefit From Demand Growth?...
04/08/201507:00:00Trina Solar Announces Shipment of 9.9 MW Modules for One of the...
04/05/201509:00:02The Biggest Challenge Facing SolarCity and Vivint Solar in 2015
04/01/201507:00:00Trina Solar Announces Sale of 49.99 MW Solar Power Plant in the...
03/27/201517:53:00India's Commitment To Solar PV Will Deeply Impact Solar Manufacturing
03/27/201503:41:39Yingli Loss Widens, Joins $1 Club
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03/26/201507:00:00Trina Solar Announces Shipment of 6.9 MW Trinasmart PV Modules...
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03/20/201509:36:11Taking Advantage Of The Oil And Solar PV Disconnect
03/17/201508:19:56Trade Wars Push China Solars Offshore
03/14/201506:41:08Solar Industry Q4 Round Up: The Industry Matures
03/13/201502:04:52Time To Buy The Dip In Solars?
03/12/201507:00:00Trina Solar to Supply 48 MW of Solar Modules to ACME India
03/10/201508:00:00Trina Solar and Vivint Solar Announce Agreement to Install Trinasmart...
03/06/201500:01:00Trina Solar: Maintaining Its Premier Position
03/05/201520:09:32Trina Solar Posts Solid Revenue Growth, Sales Mix And Costs Weigh...
03/05/201507:39:43Report of Foreign Issuer (6-k)

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