More Tariffs on Chinese Clean Energy Products
Tweet
Share
E-mail
In a follow up to tariffs imposed on Chinese solar panels last month, the US today slapped preliminary duties on other clean-energy products out of China.
This time the government targeted steel towers used in power-generating wind turbines, which according to the US Commerce Department is receiving subsidies of up to 25 percent of the cost of production.
The United States imported an estimated $222 million of the wind towers from China in 2011. The following companies in China will be affected: Trinity Structural Towers, Broadwind Towers, DMI Industries, and Katana Summit.
ISE Global Wind Energy ETF (NYSE: FAN) is trading lower today by 2.6 percent.
This time the government targeted steel towers used in power-generating wind turbines, which according to the US Commerce Department is receiving subsidies of up to 25 percent of the cost of production.
The United States imported an estimated $222 million of the wind towers from China in 2011. The following companies in China will be affected: Trinity Structural Towers, Broadwind Towers, DMI Industries, and Katana Summit.
ISE Global Wind Energy ETF (NYSE: FAN) is trading lower today by 2.6 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- First Atlantic Nickel & Cobalt Added to NASDAQ Sprott Nickel Miners™ Index, Tracked by the Sprott Nickel Miners ETF (NASDAQ: NIKL)
- Tradr plans two inverse ETFs targeting Oracle and Applied Optoelectronics
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
Create E-mail Alert Related Categories
ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
