Friday, June 1, 2012

New Tariffs on Wind Towers, Solar Panels Imported From China

Posted By on Fri, Jun 1, 2012 at 9:20 AM

The Commerce Department's International Trade Administration has announced that duties of 13.7 percent to 26 percent will be imposed on Chinese wind-turbine towers imported into the United States.

The New York Times reports that it's a pretty big fee as the towers—which stand as tall as 300 feet—can cost as much as $600,000 each. The new tariff follows the Commerce Department's preliminary ruling that Chinese manufacturers of the steel towers received unfair subsidies from the Chinese government.

Earlier this month, the Commerce Department said that it would slap tariffs ranging from 31 percent to 250 percent on solar panels imported from China.

According to Reuters, the United States imported approximately $222 million worth of wind towers from China in 2011.

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