Reuters: U.S.: U.S. piles more duties on Chinese wind towers

Reuters: U.S. Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

U.S. piles more duties on Chinese wind towers Jul 27th 2012, 18:50 WASHINGTON | Fri Jul 27, 2012 2:50pm EDT WASHINGTON (Reuters) - The United States on Friday slapped a second round of duties on wind turbine towers from China, ratcheting up tensions between the two countries in the renewable energy sector. The U.S. Commerce Department said it was imposing preliminary anti-dumping duties of about 20 percent to 73 percent on Chinese-made steel towers. It also set preliminary anti-dumping duties of about 53 percent to 60 percent on steel towers from Vietnam to offset what the department said was below-market pricing. U.S. imports of the wind towers in 2011 totaled about $222.1 million from China and about $78.8 million from Vietnam. The decision is another victory for the Wind Tower Trade Coalition, a group of U.S. producers who say they are being driven out of business by unfair Asian competition. In May, the Commerce Department set preliminary "countervailing" duties of about 14 percent to 26 percent on Chinese towers to offset Chinese government subsidies. The United States has also set preliminary duties on solar panels from China in another renewable energy case that has strained trade ties. Importers have to post bonds based on the preliminary rates while Commerce continues its investigation. A final decision on duty rates is expected by the end of the year.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions