U.S. Imposes Tariffs On Chinese Solar Panels

The U.S. Commerce Department today announced that it was imposing high tariffs – more than 31 percent – on solar panels imported from China, reports the New York Times:

The anti-dumping decision is one of the largest in American history, covering one of the largest and fastest-growing categories of imports from China, the world’s largest exporter. The department said the United States bought $3.1 billion worth of Chinese solar cells last year, giving China more than half the American market for the devices.