21 May '12, 6pm

Asia Report: Solar Stocks Tumble After Tariff Ruling

Asia Report: Solar Stocks Tumble After Tariff Ruling

On Thursday, the news got worse as the United States, one of the more lucrative markets out there, held up a giant detour sign to those Chinese panel makers who export their products into the country. The markets didn’t react well to the news of 31 percent anti-dumping tariffs. Shares of the big three of Suntech, Yingli and Trina dropped significantly toward the end of the week. Meanwhile, Chinese companies are starting to band together as they consider their collective next step in an ongoing dispute that has deep political implications. “We held an emergency meeting in the morning of May 18 after hearing the news, and we are now contacting and mobilizing Chinese companies to rebut the tariffs,” said Gao Hongling , Deputy Secretary General of the China Photovoltaic Industry Alliance, according to ZDNet.com. MORE ON CHINA-U.S. DISPUTE Ruling Goes Against China: The U.S. De...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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