Discover Yahoo! With Your Friends

Explore news, videos and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    US solar firms file trade complaint against China

    WASHINGTON (AP) — Seven U.S. solar panel companies filed a federal trade complaint Wednesday against Chinese companies they accuse of dumping solar products on global markets to depress prices.

    The U.S. solar companies filed their case with the Department of Commerce and the International Trade Commission. The complaint asks the government to impose tariffs of "well over 100 percent" on Chinese solar imports, said Greg Stanko, a spokesman for the U.S. companies.

    The group of U.S. solar manufacturers said in a statement that China is unfairly subsidizing its industries with "an arsenal of land grants, contract awards, trade barriers, financing breaks and supply chain subsidies to advance its pricing and export aggression."

    The Chinese Embassy did not respond to a message seeking comment Wednesday.

    The U.S. companies also accused China of illegally dumping its products on the global market, a trade violation in which a country sells goods below the price of production to wipe out competition.

    "China's wrongful tactics run systematically across the board. ... China actually has no production cost advantage," Gordon Brinser, president of SolarWorld Industries America Inc., said in a statement.

    The U.S. solar industry is struggling against stiff competition from China as well as weak demand in vital markets, particularly recession-battered Europe.

    Those struggles were underscored by the collapse in Solyndra LLC. The solar panel maker based in Fremont, California, was the beneficiary of a half-billion-dollar federal loan but filed for bankruptcy in August and laid off its 1,100 workers.

     

    231 comments

    • Gladys Kravitz  •  4 mths ago
      Yet, we keep renewing their MFN trade status. It's simply mind numbing.
    • Curmudgeon at large  •  Boca Raton, United States  •  4 mths ago
      Oh c'mon guys, China is our good buddy. They would never do that. Just ask any elected official whose campaign contributions come from big industry that outsourced to China because the elected idiot voted for all the free trade agreements going back to the GATT treaty in 1947 which later became the WTO. Nahhh, China wouldn't but your wonderful elected idiots in Washington who you love so much because they woo you with pro or anti-abortion and pro or anti gay marriage, etc have higher masters to answer to. WAKE UP! China will own us because Washington elites could care less about you, me, abortion, gay marriage, or any other social issue, i.e. guns, religion, etc. Its all a smoke screen to get elected. When we are paying their campaign contributions, they will listen and not a moment sooner.
    • ME  •  4 mths ago
      The U.S. should put a VAT tax on Chinese imports, I read there prices where 30% to 50% lower then the U.S. because they manipulate and devalue the yen.. if this tax is added, maybe the American company's working in China would bring there jobs home ?
    • Mar H  •  4 mths ago
      I'm sorry to say this but our government has not done anything right in so long. I don't think they know how to do some thing right.
    • Bill  •  4 mths ago
      " Seven U.S. solar panel companies filed a federal trade complaint Wednesday against Chinese companies they accuse of dumping solar products on global markets to depress prices." It's about freakin' time prices for solar came WAY DOWN. Right now solar power is so expensive only the rich can afford to install a system in their homes, that's why you hardly ever see them installed. If the prices were reasonable, I think countless folks would go for it. Isn't that what everyone wants, a cleaner environment...Well?
    • HotGenius  •  4 mths ago
      19 October 2011 BBC:

      A Chinese scientist, Kexue Huang, has admitted to stealing trade secrets from two US firms and sending them to China.
      There have been growing concerns about trade secrets of US companies being handed over to competitors in China.
      Earlier this year, a Chinese engineer was found guilty of stealing secrets from Ford Motors to try and get a job with Chinese car manufacturers.
      Last year, another couple was charged with trying to sell secrets about General Motors's hybrid vehicles to China's Chery Automobile Company.
    • jim  •  4 mths ago
      My question though is why should the industry have to ask the US gvt... why isn't the US gvt. on top of this already on it's own? Who's paying off the gvt.?
    • A Yahoo! User  •  4 mths ago
      the only thing worse than yahoo news is 95% of the comments by people with no idea of what they are talking about, no wonder usa is so f-ed up
    • Sean  •  Fairfax, United States  •  4 mths ago
      Since when is capitalism "fair?" I thinkthey are just mad China is better at capitalism than we are
    • h  •  Pittsburgh, United States  •  4 mths ago
      Why are they complaining? Because the CEO's in the US feel the need to make over $10 million a year to feed their sorry egos? Oh well, we live in a free market! Better lower that top tier CEO wage, or we will continue to lose everything to China. Here is an idea, make $1million a year and be competitive.
    • ShimL  •  Texarkana, United States  •  4 mths ago
      China does that to ALL industries, not just solar panels. Any political party interested in doing something about it?
    • invidinvasion  •  Pittsburgh, United States  •  4 mths ago
      #$%$ k c h i n a
    • Rick  •  4 mths ago
      Oil is also VERY subsidizes, but you don't seem to ever see that in the media.
    • alezdelaisla  •  4 mths ago
      complaining about china ,,is like walking to the police station and making a complain about a police officer,,,, they dont play fair and the usa allowed them ,,
    • Rick  •  4 mths ago
      Modern solar (thermal, not photovoltaic) power plants generate power at night now. During the day they heat a special heat transfer fluid and the excess capacity during the day is stored in tanks. At night that excess heat transfer fluid is used to make steam and drive the power generating turbine into the night. I believe some are now up to generating power a full 24/7. The specs and locations are available on the internet for anyone interested in reading more about them. I believe Nevada Solar One is this type of power plant. I wish we would build more like this kind.
    • John  •  4 mths ago
      Maybe OBlameo needs to give his campaign donars several BILLION more tax dollars....
    • LegalAnywhere  •  4 mths ago
      It's not the fault of China. It's the importers and the consumers' fault. Importers = for higher margin even with cheap product offerings. Consumers - chasing for cheap buys. Is cheap really cheap? Analyze it for yourself and you'll be surprised that buying cheap is not cheap at all.
    • NoRINO  •  4 mths ago
      The US solar companies should beat the Chinese in their own game considering Obama gave our green industrial blank checks like there is no tomorrow without breaking a sweat.
    • Thumbs Up  •  4 mths ago
      Big Business's Big Lie: "We are spreading Democracy to other countries with Capitalism."

      The Truth: Big business (multinational corporations) are taking advantage of the freedom and security they enjoy in Democratic societies while using Communist countries for cheap labor. They are not spreading Democracy. Spreading Democracy would allow workers the freedom to demand higher wages. Freedom big business certainly is against. Capitalism puts profit above all else, including freedom and Democracy, countries and people.
    • Just Me  •  4 mths ago
      1) Dumping solar products on global markets to depress prices -- Isn't that good for every of us consumers?

      2) China is unfairly subsidizing its industries with "an arsenal of land grants, contract awards, trade barriers, financing breaks and supply chain subsidies to advance its pricing and export aggression." -- Now prove to me which nation doesn't subsidizing her own domestic indutries one way or another & I will prove how wrong you are.

      3) Illegally dumping its products on the global market, a trade violation in which a country sells goods below the price of production to wipe out competition. -- This is hard to prove as how do you define a market price or rather WHO DETERMINES IT? Anyway production price can also varies in different countries as the cost of producing a same product in America can be more than double of that in a developing or 3rd world nation. So if for example the cost of production in the 3rd world nation is $100 while that in America is $200, if the former sells at $110 will that considered as selling below market price?
    [ [ [['Dekraai', 10]], 'http://news.yahoo.com/photos/mourners-remember-seal-beach-shooting-victims-1318620627-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/3/2c/32c8e92d889f42edb719cb5257afdf4e.jpeg', '461', ' ', 'Reuters/Lori Shepler', ], [ [['iPhone 4SXXXXXXX', 11]], 'http://news.yahoo.com/photos/thousands-line-up-for-apple-s-iphone-4s-1318602841-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/f/4f/f4f15e8f6f323f5386dc9fdf9e15dca8.jpeg', '500', ' ', 'AP/Kirsty Wigglesworth', ] ]
    [ [ [['xxxxxxxxxxxxxxxxxxx', 11]], '27013743', '0' ], [ [['keyword', 9999999999999999999999999999999999999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]
    Loading...
    • Mitt Romney applauds his endorsement from Bob McDonnell during a campaign rally in North Charleston

      PORTSMOUTH, Virginia (Reuters) - Virginia's Republican Gov. Bob McDonnell on Wednesday abruptly shifted his stance on a hotly-contested bill requiring women seeking abortions to have an ultrasound, asking lawmakers to revise the legislation just before a scheduled vote. Virginia's House of Delegates by a vote of 65-32 approved …

    • A BP logo is seen on a petrol station in London

      (Reuters) - BP Plc and Anadarko Petroleum Corp are liable for civil damages under federal pollution laws over the 2010 Gulf of Mexico oil spill, a U.S. judge ruled, exposing them to billions of dollars in potential fines. Wednesday's decision by U.S. District Judge Carl Barbier in New Orleans allows the U.S. government …

    • WASHINGTON (Reuters) - Years of economic setbacks have taken their toll on the nation's youngest residents, with another 1.6 million children living in high-poverty neighborhoods, according to one study that shows nearly 8 million children residing in poor areas in 2010. In 2000, 6.3 million children lived in high poverty …

    • Drivers wait in line to refill their tanks at a Costco store in Van Nuys, California

      WASHINGTON (Reuters) - Could history repeat itself? That is a question uppermost in the minds of many Americans as they warily watch gasoline prices at the pump rise week after week. After all, a spike in gasoline prices early last year helped nearly knock the economy back into recession. The answer, economists say, is …

    • (Reuters) - U.S. lenders made more auto loans in the most recent quarter, but took more risks and charged less interest to get the business, according to a report released on Thursday by credit reporting and market information firm Experian Automotive. Outstanding car loans increased nearly 4 percent to $658 billion at …