China’s Commerce Minister Chen Deming has told the 18th Communist Party Congress in Beijing that the US decision to place heavy duties on Chinese –made solar panels could cost American exporters.
While adding that he didn't want to see a trade war Mr. Deming told reporters at the gathering to elect China’s next generation of leaders "If you say I bought your equipment and raw materials but now that I am shipping my products you want to pop on a 249 per cent tariff, fine then, buy why should I buy any more of your raw materials or equipment?"
"That's why I say any unilateral trade action will also impact the instigator. China is developing, urbanising, China has a lot of construction under way and will need solar products, so the US is losing out on a big market in the future."
Ruling that China had used engaged in dumping, the US voted last week to add duties ranging from 23.75 to 250 per cent on Chinese solar panels, while the European Union has also opted to investigate China for similar reasons
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