US Plans Tariffs Up to 3,521% on Southeast Asian Solar Panels Amid Trade Dispute
The US Commerce Department proposes steep tariffs on solar panel imports from Southeast Asia to address alleged unfair trade practices by Chinese manufacturers.
The threat of tariffs on countries that supplied more than $10 billion of solar products to the United States last year, accounting for the vast majority of domestic supplies, has caused a dramatic shift in the global solar trade.
US wants to slap tariffs as high as 3,500% on solar panels from Southeast Asia | Business
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There are growing risks surrounding energy supplies, including the wars in Ukraine and Gaza, the climate crisis, attacks on undersea cables and cyber-attacks.
US to impose tariffs of up to 3,521% on south-east Asia solar panels
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While the planned tariffs are likely to help US solar panel manufacturers, they could also mean extra costs for businesses and consumers who have benefited from the availability of cheaper solar products.
US sets tariffs of up to 3,521% on South East Asia solar panels
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Summary
The US Commerce Department's proposed tariffs on solar panel imports from Cambodia, Thailand, Malaysia, and Vietnam range up to 3,521%. This action follows a year-long investigation prompted by US manufacturers alleging Chinese companies have undercut prices through subsidies. The highest tariff impacts Cambodian producers who did not cooperate with the investigation. Meanwhile, some US producers and trade groups express concerns about how these tariffs might increase costs for domestic manufacturers who rely on imported parts. A final decision is pending from the International Trade Commission.
Perspectives
US Commerce Department has proposed tariffs up to 3,521% on solar panel imports from four Southeast Asian nations due to allegations of subsidized Chinese products and unfair pricing.
The tariffs have mixed support among industry stakeholders; while they are seen as a victory for US solar manufacturers, critics argue they could lead to higher prices for consumers and hinder the growth of US solar jobs.
This move follows previous tariffs imposed by the Trump administration and highlights ongoing tensions in US-China trade relations.