(AP) The Obama administration is upholding steep tariffs on solar panels made in China, finding that China's government is subsidizing companies that are flooding the U.S. market with low-cost products.
The Commerce Department determined Chinese producers sold solar panels in the United States below cost, a tactic known as "dumping," and will impose tariffs ranging from 18 percent to nearly 250 percent. That's according to a source with knowledge of the ruling who spoke on condition of anonymity because the decision hasn't been formally announced.
For some of the Chinese companies, the dumping-related tariffs are slightly lower than preliminary tariffs imposed in May. But another set of duties dealing with improper subsidies is being increased more than threefold.
The tariffs could aggravate already tense trade relations between China and the U.S.