(OILPRICE) — The United States could try to work out a deal that would end ongoing tit-for-tat disputes over trade in solar energy products. Last week, the European Union said it would hit back at Chinese manufacturers for dumping their solar energy goods in the European market.
The U.S. Commerce Department did more or less the same last year and a senior White House official testified last week that trade policies can only work if they’re fair. With China and the United States debating how best to accommodate the other’s claims to power, the White House may have a few rabbits up its sleeve to resolve issues related to global renewable energy and trade issues.
European Trade Commissioner Karel De Gucht last week said Chinese solar panels were sold on the European market below cost. This was giving Chinese manufacturers an unfair advantage over their European counterparts. In response, the EU said it would impose an 11 percent duty on Chinese solar panel imports. If China isn’t willing to work out a compromise, that duty could increase to more than 47 percent by August.