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Suntech (STP) CEO Zhengrong Shi says if Europe follows the U.S. in levying punitive tariffs on...

  • Thursday, May 24, 2012, 8:21 AM ET
    Suntech (STP) CEO Zhengrong Shi says if Europe follows the U.S. in levying punitive tariffs on Chinese solar panel imports, it could deal a "lethal" blow to the industry. Beyond words, China signals it may retaliate against the tariffs, saying U.S. government backing for six clean energy projects in China had violated WTO rules and acted as barriers to trade.
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    Tariffs won't solve the problem! They will help for short term (less than a year) the USA companies, but they will help the BIG OIL, so that it delays the price competitiveness between the conventional produced energy for the grid and the new solar opportunities. This only delay, not stop it! If we put tariffs on everything from China or Japan, then the end consumer will pay a bigger price, and they will sell somewhere else, like South America, India, Middle East, etc.
    Big Oil is the only winner, for short, again. A smart move would be to have the oil companies invest in Solar, like TOTAL did with Sunpower, I see that happening in the nearest future.
    24 May 2012, 10:22 AM Reply Like
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