A trade war with China over solar panels will burn US
13 Sep 2012

A group of US solar-panel manufacturers has recently filed a controversial petition against the Chinese solar industry.

They are accusing China of helping its solar industry by unfairly providing billions of dollars in subsidies as well as cash grants and tax breaks.

The proposed punishment is duties of more than 100 per cent on the price of imported solar panels from China. This would be a big blow to the Chinese manufacturers given 95 per cent of their production is exported, in large part to the US. This year alone Chinese companies are on track to sell US$2 billion (Dh7.34bn) worth of solar panels in the US.