EU ratifies 48% tariff on Chinese solar

[t_co]

Yeah, it is and no im not... but you must be

From the same article:

In parallel, the Commission confirmed its decision to accept its undertaking with Chinese solar panel exporters, which means that those Chinese exporters who participate continue to be exempt from paying any anti-dumping and anti-subsidy tariffs.

Bloomberg:

The two-year trade protection is based on a provisional accord negotiated on July 27 by EU Trade Commissioner Karel De Gucht and China. That deal fixed a minimum price of 56 euro cents a watt for annual imports from China of as much as 7 gigawatts and exempted Chinese companies willing to take part from preliminary punitive EU import duties.
The pact covers more than 90 Chinese exporters that have about 60 percent of the EU solar-panel market. Participating producers include Yingli, Suntech, Trina, Jiangsu Aide Solar Energy Technology Co., Delsolar (Wujiang) Ltd., ERA Solar Co., Jiangsu Green Power PV Co. and Konca Solar Cell Co.

It's the same deal that made us all so happy, Armand. Glad that you're happy too!

 

[t_co]

Liar lies again.

@Armand2REP

It's way past August, and China's solar industry is still doing fine.

 

[tarunraju]

It is not as simple as that. Chinese companies have been dumping solar panels at ridiculous prices. At some point it was good that it helped the overall cost to come down but in the long run it finishes off the domestic industry. Here in India the import cost on PV Panels is Zero percent and almost 95% of the imports are from China and from personal experience I can say the quality in many cases is quite dodgy. This has had a very negative impact on the domestic industry as a few people have shut shop. We need to safeguard our industry to some extent otherwise we will be at the mercy of cheap Chinese imports.

Oh? And what percentage of our consumer electronics are manufactured here?

 

[sob]

So we do not give a chance to our domestic industry?