(Yicai Global) Nov. 1 -- The United States International Trade Commission yesterday submitted proposals to US President Trump suggesting taking trade remedy measures against imported solar cells and components to restrict imports of related products, state-owned news agency Xinhua reported.
The USITC ruled on Sept. 22 that a large number of cheap imported photovoltaic cells and other components had seriously damaged the domestic industry. It based the ruling on Section 201 of the US Trade Act 1974, probes into which are often dubbed '201 investigations' or 'global safeguard investigations.'
Four members of the commission submitted three different proposals for trade remedy measures on the same day, with the aim of restricting imports through quotas, tariffs, permits and other methods. Trump will eventually decide whether or not to take action and if so, which measures to adopt.
One proposal includes the immediate imposition of a 35-percent tariff on all imported solar panels and a four-year quota system, allowing the import of up to 8.9 million kilowatts of photovoltaic cells and modules in the first year, Reuters reported.
The free flow of solar products is conducive to reducing greenhouse gas emissions and improving the global climate, Wang Hejun, director of China's Trade Remedy and Investigation Bureau under the Ministry of Commerce said previously. Maintaining free trade in this area is the common responsibility of all countries and a common interest for all parties concerned, he added, saying the ministry hopes the US authorities will comply with World Trade Organization rules and use trade restrictions with caution.