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A group of 25 European solar panel producers known under the moniker EU ProSun have long want duties imposed on Chinese imports. While an opposing group of importers and installers, the AFASE, has argued against such measures, the European Union has decided to begin registering imports from Chinese solar companies on Wednesday.
This move, as Reuters reported, has paved the way for tariffs to be levied retroactively from this month forward, which, if put in place, would make a trade war between the EU and China seem inevitable.
Yingli Green Energy (NYSE:YGE), Suntech Power Holdings (NYSE:STP), and Trina Solar (NYSE:TSL) are among the firms that will be hurt, yet shares seem to be following the market’s momentum; all three manufacturers were trading up through midday on Tuesday.
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