Solar Panel Tariffs Affect Markets around the Globe

A well-respected legislator and political leader, Chris Cox devoted two decades to public service in Washington, D.C. Presently, Chris Cox fulfills the role of President of Bingham Consulting LLC, a global firm devoted to integrating government, legal, and business strategies, with expertise in multijurisdictional controversies and opportunities, U.S. state attorneys general matters, corporate governance, brand protection, and many other issues. With offices in North America, Europe, and Asia, business strategies involving China are a particular focus of Bingham Consulting.

For over a year, commerce officials in the United States and the European Union have been involved in disputes with China over solar panel tariffs. In October of 2012, the United States imposed levies of up to 36 percent on the alternative energy products, stating that companies such as the Chinese solar giant Suntech Power Holdings Co., Ltd., had illegally dumped cheap photovoltaic cells into the U.S. market. More recently, the European Union has become engrossed in what threatens to develop into a full-scale trade war over proposed solar panel tariffs of up to 68 percent.

Officials point out that the vast subsidies the Chinese government is awarding to domestic solar companies stand to harm competition in the European Union. Both the EU and the U.S. tariffs are designed to counteract this advantage. As EU officials debate the levy, China has started pressuring individual countries, specifically Germany, and has proposed its own tariffs on goods from the European Union.

Learn more about Christopher Cox and his work with Bingham Consulting at www.bingham.com.

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