Bankrupt Solar Panel Co. Asks For Tariffs On Foreign Imports

By Alex Wolf (April 26, 2017, 6:17 PM EDT) -- Hoping to shake up a "deteriorating" industry and outlast its own bankruptcy, U.S. solar panel manufacturer Suniva Inc. formally asked President Donald Trump on Wednesday to impose tariffs on all foreign-made solar cells, saying cheap imports are driving down prices and hurting domestic companies.

The Georgia-based manufacturer, which entered into Chapter 11 protection in Delaware last week, filed a petition with the U.S. International Trade Commission that seeks a tariff of 40 cents per watt on non-U.S. manufactured solar cells and a price floor on imported panels of 78 cents per watt, a lawyer for the company confirmed Wednesday, as a...

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