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SolarWorld blazed toward victory in its trade fight Thursday as the U.S. government announced plans to slap tariffs ranging from 31 percent to 250 percent on Chinese solar panels and cells.
But managers of the solar company, aiming to preserve jobs that include 1,000 in Hillsboro, hinted that the duties aren’t high enough to help U.S. manufacturers prosper. They hope the U.S. Commerce Department will soon announce additional tariffs, even as China appears set to retaliate as soon as next week.
U.S. solar stocks jumped Thursday on news that the Commerce Department would impose 31 percent tariffs on exports by companies including SolarWorld’s two largest Chinese competitors, Trina Solar Ltd. and Suntech Power Holdings Co.
Other exporters will have to pay 250 percent because Commerce found that government-subsidized Chinese companies engaged in dumping — using predatory prices to undercut U.S. manufacturers of solar cells and panels, an industry backed in Oregon by state taxpayers.
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