U.S. Boosts Import Duties on Chinese Wind-Energy Firms
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Ratcheting up trade tensions with China, the U.S. increased import duties on wind towers produced by Chengxi Shipyard Co. and CS Wind Corp. as economic talks between the two nations opened in Washington.
The Commerce Department yesterday set final punitive tariffs on the products from China and Vietnam. The rates were higher than preliminary tariffs announced earlier this year to counter government subsidies and to prevent the goods from being sold in the U.S. below production costs, a practice known as dumping.