The European Commission plans significant cuts to tariffs on Chinese-made fiberglass, Reuters reported, citing officials familiar with the matter. EU diplomats said the Commission would reduce the anti-dumping tariffs for fiberglass used in the clean technology sector to less than 14% from 43.6%. The new rate would apply for up to five years. Europe is considering the tariff cut given signs that the tariff is damaging the development of the European alternative energy industry. "The anti-dumping measures on carbon fibers are literally shooting the European wind industry in the foot, and we are thus eager to see them go away," said Peter Brun, senior vice president at Vestas, a wind turbine producer. The Commission will vote on a lower tariff this week.
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