The Diplomat
Every few weeks, it seems, a new twist takes place in the
drama of China’s solar industry. The latest news, however, emerges not
from Wuxi, home of Suntech Power, nor from Xinyu, home of LDK Solar. In
fact, the threat comes from the Brussels in the European Union (EU).
According to recent media reports, the European Union Trade
Commissioner Karel De Gucht will recommend this coming Wednesday (May 8)
that the bloc should slap massive punitive tariffs on Chinese solar panels. Reuters writes
that such Tariffs would be proposed “to guard against Chinese
production [capacity] that quadrupled between 2009 and 2011 to more than
the entire global demand.”
