March 20, 2012 / 5:27 PM / 5 years ago

US sets low duties on solar panels from China

WASHINGTON, March 20 (Reuters) - The United States on Tuesday set preliminary duties of less than 5 percent on solar panels from China it said were unfairly subsidized, two sources familiar with the decision said.

The U.S. Commerce Department determined Chinese solar cell and panel manufacturers received government subsidies worth 2.90 percent to 4.73 percent of the value of their product, the sources said.

Importers will have to post bonds or cash deposits based on the preliminary countervailing duty rates while the department continues its investigation. The Commerce Department will issue a preliminary decision on antidumping duty rates in May.

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