The European Union is planning to impose tariffs of as much as 67.9 percent on solar panels from China to counter unfair pricing in the largest EU trade dispute of its kind, according to a commerce official from the bloc.
The European Commission expects to introduce the levies by June 6 to punish Chinese solar manufacturers for selling panels in the 27-nation EU below cost, a practice known as dumping, the official said yesterday on the condition of anonymity. The commission in Brussels is the EU’s trade authority.
The duties, which will affect more than 100 Chinese companies and average 47.6 percent, will be the preliminary outcome of a dumping inquiry that the commission opened in September, said the official. The probe is due to end in early December, by which time EU governments must decide whether to impose “definitive” anti-dumping duties for five years.
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