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US Sets Initial Retaliatory Duties On Solar Panels From China

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 2.90% 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 is also taking 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 Power Holdings Co. Ltd. (STP, K3ND.SG), 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 Yingli Grn Engy Adr (YGE)
DateTimeHeadline
07/21/201514:30:00UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders...
07/21/201508:00:00Yingli to Build a 50 MW Solar Power Plant in Shanxi Province...
07/20/201520:30:00IMPORTANT SHAREHOLDER REMINDER: Goldberg Law PC Announces Securities...
07/14/201511:47:00Glancy Prongay & Murray LLP Reminds Investors Of The Upcoming...
07/14/201508:00:00Yingli Solar Introduces New 1500V Utility-Scale Solar Panel
07/14/201508:00:00Newly Launched Solar Start-Up Amplify Energy Provides Innovative...
07/10/201506:30:00Yingli Supplies 240 MW of Solar Panels for Latin America's Largest...
07/10/201506:05:15Report of Foreign Issuer (6-k)
07/09/201508:00:00Yingli Green Energy Comments on U.S. Department of Commerce's...
07/08/201508:00:00Yingli Solar and Partners Power School and Clinic in Rural Laos
07/07/201513:55:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/30/201507:30:00Yingli Brings Solar Investment Opportunity to the Chinese Public...
06/24/201507:30:00Yingli Solar to Supply 40 MW of Solar Panels to Sybac Solar in...
06/22/201511:43:00DEADLINE ALERT: Law Offices of Howard G. Smith Announces Lead...
06/22/201506:09:25Report of Foreign Issuer (6-k)
06/19/201510:06:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/17/201517:44:00SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of...
06/17/201506:30:00Yingli Partners with LONGi on Vertically Integrated Production...
06/15/201507:30:00Yingli Connects a 50 MW Solar Power Plant to the Utility Grid...
06/12/201518:24:00TRADING ALERT: The Rosen Law Firm Reminds Yingli Green Energy...

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