Auriga on Solar: U.S. Import Duties - Slap on China's Wrist Saves 'Face'...May Catalyze Change
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Up: 12 | Down: 15 | New: 40
Rating Summary:
1 Buy, 8 Hold, 12 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Auriga on Solar: U.S. Import Duties - a Slap on the Wrist Saves China's 'face'; may Catalyze Change
Preliminary determination on Countervailing Duties (CVD): The U.S. Department of Commerce (DoC) announced in its preliminary determination yesterday that China has unfairly subsidized its domestic solar PV industry, and has accordingly imposed CVD on Chinese solar PV cells/modules imports into the U.S. The preliminary CVDs stand at 2.90% for Suntech Power (NYSE: STP), 4.73% for Trina Solar (NYSE: TSL), and 3.61% for other vendors. Retroactive to 90 days: As a result of this preliminary determination, DoC will instruct U.S. Customs to collect a cash deposit or bond based on the preliminary rates, applicable to all entries of Chinese solar cells retroactive up to 90 days. CVD case calendar: The DoC will make its final determination on June 4; the U.S. International Trade Commission (ITC) will finalize its determination on July 19; once both are affirmative, Issuance of Order on CVD goes into effect.
Preliminary determination on Countervailing Duties (CVD): The U.S. Department of Commerce (DoC) announced in its preliminary determination yesterday that China has unfairly subsidized its domestic solar PV industry, and has accordingly imposed CVD on Chinese solar PV cells/modules imports into the U.S. The preliminary CVDs stand at 2.90% for Suntech Power (NYSE: STP), 4.73% for Trina Solar (NYSE: TSL), and 3.61% for other vendors. Retroactive to 90 days: As a result of this preliminary determination, DoC will instruct U.S. Customs to collect a cash deposit or bond based on the preliminary rates, applicable to all entries of Chinese solar cells retroactive up to 90 days. CVD case calendar: The DoC will make its final determination on June 4; the U.S. International Trade Commission (ITC) will finalize its determination on July 19; once both are affirmative, Issuance of Order on CVD goes into effect.
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