Trade and Tariff Details
The US Department of Commerce plans to impose tariffs up to 3,521% on solar cells from Cambodia, Malaysia, Thailand, and Vietnam, aiming to counteract unfair trade practices and subsidies from Chinese manufacturers.
This move, part of a broader trade war with China, targets solar cells allegedly sold below fair market value and benefiting from Chinese state subsidies, affecting a significant portion of US solar imports.
Industry Reactions and Upcoming Steps
US solar manufacturers support the tariffs, citing unfair competition, while renewable energy project developers express concern over increased construction costs due to these tariffs.
The final decision on the tariffs awaits the US International Trade Commission's ruling in June, which will determine if US industry was harmed by the subsidized imports and dumping.