FREE Breaking News Alerts from StreetInsider.com!
Send to a FriendThe Ministry of Commerce for the People's Republic of China (MOFCOM) issues comments on the European Commissions solar duty decision.
According to Bloomberg, MOFCOM is not satisfied with the current result.
One official at China's Bureau of Fair Trade for Imports and Exports commented that the European Union has shown some flexibility on the decision of tariffs on China's solar products.
Earlier, Trina Solar (NYSE: TSL) issued a statement on the decision, saying it was disappointed with the outcome.
According to data, the new duties will rise to 37.3 percent on August 6th until the final ruling in December, while Trina said that an anti-dumping duty on its photovoltaic (PV) products will rise to 51.5 percent on August 6th. Overall, the average is expected to be around 47.6 percent.
The U.S. imposed a 31 percent tariff in May 2012.
On watch today will be Trina, Yingli Green (NYSE: YGE), LDK Solar (NYSE: LDK), JA Solar (Nasdaq: JASO), Suntech Power (NYSE: STP), and other PV manufacturers.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
cape breton bowling green marysville tornados dr. seuss the temptations rush limbaugh sandra fluke
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.