{{China’s Commerce Ministry issued preliminary anti-dumping duties on imports of U.S. and South Korean solar-grade polysilicon on Thursday, but made no decision on tariffs on European Union exports of the raw material used to make solar panels.}}<\/p>\n
Beijing’s move, a widely expected hit on U.S. and South Korean producers, coincides with difficult talks between the EU and China to defuse a conflict over alleged dumping of Chinese solar panels in Europe.<\/p>\n
That spat, according to EU officials, pushed Beijing to threaten duties on European wine exports and risks sparking a trade war in other goods, including steel.<\/p>\n
“Though the investigation into … imported EU solar-grade polysilcion is still pending, the cause-and-effect relationship between the dumping of products from the United States and South Korea and harm to China’s domestic industry cannot be denied,” the Commerce Ministry said in a statement on its website.<\/p>\n
The European Commission, the EU’s executive body, accused China of dumping billions of euros of solar panels in Europe below production costs.<\/p>\n
In early June, it imposed punitive tariffs at 11.8 percent for two months, instead of an earlier plan for an immediate levy averaging 47 percent, leaving a window for Brussels and Beijing to negotiate.<\/p>\n
The German Economy Ministry this month said Beijing would levy no duties on EU polysilicon following work to reduce trade tensions over EU tariffs on Chinese solar exports.<\/p>\n
But last October, the United States leveled steep final duties on Chinese-made solar products, a move Beijing warned would provoke greater trade frictions in the new energy sector.<\/p>\n
Thursday’s decision slapped hefty duties of 53.3 to 57 percent on U.S. polysilicon and duties on South Korean exports ranging from 2.4 percent to 48.7 percent.<\/p>\n
U.S. subsidiaries of Renewable Energy Corp ASA were among those hardest hit.<\/p>\n
Importers are required to pay preliminary duties in deposits starting from July 24, the ministry said.<\/p>\n
Western solar firms have been facing off with their Chinese counterparts for years, alleging they receive government support and low interest rates to offer modules at cheaper prices.<\/p>\n
The Commerce Ministry had merged its anti-dumping and anti-subsidy investigations into the three markets last fall, but some experts have said that the desire to reach a negotiated solution to the China-EU spat had delayed a decision on polysilicon duties.<\/p>\n
Thursday’s ruling made no determination on anti-subsidy duties.<\/p>\n
Some Chinese panel makers like Yingli Green have warned against the duties because they would raise production costs.<\/p>\n
More than 80 percent of the polysilicon used by Chinese panel makers in 2012 was supplied by the United States, Europe and South Korea.<\/p>\n
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