The EU has ratcheted up a trade fight with China over solar panels, launching an investigation into alleged subsidies granted by Beijing to the country’s manufacturers.
The investigation, which could result in increased tariffs for Chinese exporters, follows a related probe that the European Commission, the EU’s executive arm, opened in September into allegations that Chinese companies were dumping – or selling below cost – solar panels in the EU.
China’s solar exports to the EU totalled more than €21bn last year, making the trade case the biggest in the bloc’s history by a wide margin, based on the value of the goods covered.
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