U.S. Sets Duties on Chinese, Vietnamese Wind Towers

Proposed U.S. tariffs on wind-energytowers from China and Vietnam were welcomed by a trade group that had complained competitors were dumping products in the American market.

The Commerce Department concluded in preliminary findings yesterday that producers in the nations, which exported $301 million in towers to the U.S. in 2011, sold the utility-scale goods below production costs. The department, which set duties as high as 73 percent for Chinese products and 60 percent for goods from Vietnam, acted on a complaint by U.S. companies such as Broadwind Energy Inc. (BWEN) of Naperville, Illinois. Broadwind rose 13 percent in trading yesterday.

“Commerce has taken an important step to address the significant dumping that is taking place,” Alan Price, an attorney with Wiley Rein LLP in Washington who represents the U.S. group, said in a statement. Duties will help to “force the Chinese and Vietnamese producers to compete fairly.”

Comments (1)

How is creating potential ground water contamination a benefit? Light from the sun comes everyday without having to deplete our planet of natural resources. Resources that are not renewable. There are better ways of creating power and we need to use them. Great discoveries and innovations are coming from solar research and development. Dependence on fossil fuels needs to change. Tesla's work on zero point energy is another example of power generation not dependent on fossil fuels.

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