The U.S. Department of Commerce today handed down it’s preliminary report on alleged dumping by Chinese solar manufacturers in the US market.
The landmark findings handed down concluded that Chinese manufacturers were guilty of dumping solar cells and panels into the U.S. market, and imposed preliminary margins of 31.14 % for Trina, 31.22 % for Suntech, 31.18 % for others and 249.96 % for China-wide companies that did not participate in the case.
Effectively, it means that IF the findings are validated, the price of those products to buyers will rise by the margins specified; between 31.14% and 249.96% .
Its important to note that it is NOT a done deal yet; commerce wont release its final determinations until the end of July,and there is speculation that could be delayed even further.
The issue of protectionism is a fascinating one in this ever more global economy.
Via Jose Cisneros