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Saturday, October 3, 2009

Solar Tarrif on Chinese Products

From the Mercury News - Unexpected tariff on solar panels may further strain U.S.-China trade relations

Not good...

What happened was since solar panels have gotten more complicated, the category they are categorized in has changed to electrical generators, and resulted in an increased tariff. The eventual result will be Chinese companies will just do final assembly in the US to avoid the tariff. But, since the change in classification and the affected companies did not know, their are penalties that may be liable due to the past due tariffs. And with many solar companies selling at a loss, this is like rubbing salt in a wound.

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