AD is defunct.
Dec. 17, 2014, 2:26 PM
- Though the Nasdaq is up 1.8%, Yingli (NYSE:YGE) continues to sell off after the DOC made final decisions to impose anti-dumping (AD) and countervailing duty (CVD) tariffs on Chinese solar module exporters.
- The CVD tariffs were imposed on a preliminary basis in June, and the anti-dumping tariffs were imposed on a preliminary basis in July.
- In a PR, Yingli says it will be subject to an AD tariff of 52.1%, and a CVD tariff of 38.7%. "We are deeply disappointed in the U.S. Department of Commerce's decision to accept such a broadly defined scope for this ruling, and to levy harsh, protectionist tariffs." The company notes the ITC still needs to confirm the decision; its ruling is expected near the end of January.
- GTM Research: "[The DOC's action] removes any value chain strategy involving China that averts import tariffs ... This erodes the price advantage that Chinese suppliers have historically benefited from in the U.S. and is likely to impact their market share, as well as average module prices, in 2015."
Mar. 13, 2013, 8:56 AM
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Country: United States
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