US Finalizes Tariffs Up to 3,500% on Southeast Asian Solar Panels in Crackdown on China’s Trade Tactics

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Summary

US wants to slap tariffs as high as 3,500% on solar panels from Southeast Asia | CNN Business

On Monday, the U.S. Department of Commerce slapped high tariffs on solar panels and their related products coming from four Southeast Asian countries, Malaysia, Vietnam, Thailand, and Cambodia, accusing manufacturers there of dumping products on the U.S. market. The announcement ends a yearlong trade probe initiated under the Biden administration. Tariff levels varied wildly between different countries and manufacturers. Solar cells made in Malaysia by Korean company Hanwha only got a tariff of 14.64%, the lowest imposed.

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CNN

U.S. Finalizes Tariffs Up to 3,500% on Southeast Asian Solar Panels, First Solar Stock Jumps 7%

The U.S. Department of Commerce on Monday finalized sweeping tariffs on solar panels imported from Southeast Asia, with rates climbing as high as 3,500% for some producers, intensifying a trade crackdown that American manufacturers say is aimed at halting China's circumvention of existing import penalties. The decision triggered a pre-market rally in First Solar Inc. shares, which jumped more than 7%.

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btimesonline.com

US slaps tariffs as high as 3,521% on solar imports from South-east Asia

The US set new duties as high as 3,521 per cent on solar imports from four South-east Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development. The duties announced on April 21 are the culmination of a year-long trade probe that found solar manufacturers in Cambodia, Vietnam, Malaysia and Thailand were unfairly benefiting from government subsidies and selling exports to the US at rates lower than the cost of production.

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The Straits Times

Western Razor Co.

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U.S. finalizes tariffs on Southeast Asia solar cells and panels By Investing.com

U.S. trade officials have concluded setting tariff rates on imported solar cells and panels from Southeast Asia. Decision affects solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam. JinkoSolar (NYSE:JKS) is one company that may be affected by this decision. On the other hand, the news could potentially be favorable for FirstSolar.

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US to impose tariffs of up to 3,521% on south-east Asia solar panels

Ahead of a global summit in London comes a warning that lessons on energy security have not been learnedBusiness live – latest updates

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6h ago

Waaree, Premier Energies Share Prices Jump As US Announces Tariffs On Solar Imports From Southeast Asian Peers

Shares of Waaree Energies and Premier Energies, which have significant exposure to US solar markets, surged after the Trump administration announced sharp tariffs of up to 3,521 per cent on solar imports from four Southeast Asian countries — Cambodia, Thailand, Malaysia, and Vietnam.

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US sets tariffs of up to 3,521% on South East Asia solar panels

The proposed levies target companies in Cambodia, Thailand, Malaysia and Vietnam. They are in response to allegations of subsidies from China and the dumping of unfairly cheap products in the US market. The countervailing and anti-dumping duties, as these tariffs are known, vary between companies and the countries their products are made in.

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11m ago

U.S. Commerce Department slaps unexpectedly high tariffs on solar imports

Coalition trade lawyer says the U.S. Department of Commerce’s final tariffs on solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam are among the highest rates he’s ever seen.

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15m ago

US slaps steep tariffs on Southeast Asian solar imports

The US broadened its trade dispute with China by imposing steep tariffs on solar imports from four Southeast Asian countries. Tariffs of up to 3,521% on imports of solar cells from Cambodia, Thailand, Vietnam and Malaysia would effectively make the products unmarketable to U.S. consumers. That follows a yearlong investigation into claims by American producers that Chinese companies in those countries were dumping solar cells and panels in the US at artificially low prices.

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16m ago

The U.S. slaps even more tariffs on Southeast Asia, as solar panels get anti-dumping duties that go as high as 3,521%

U.S. slaps even more tariffs on Southeast Asia, as solar panels get anti-dumping duties that go as high as 3,521%. The announcement ends a yearlong trade probe initiated under the Biden administration. Solar cells made in Malaysia by Korean company Hanwha only got a tariff of 14.64%, the lowest imposed.

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16m ago

US to impose new duties on solar imports from Southeast Asia

US to impose new duties on solar imports from Southeast Asia. Move aimed at countering alleged Chinese subsidies and dumping in the sector. Tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June.

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11h ago

US levies new tariffs on solar imports from Southeast Asia days after Xi’s ‘family unity’ visit

The US has imposed new duties as high as 3,521 per cent on solar imports from Southeast Asia. The Trump administration announced that it will roll out new tariffs based on a yearlong probe. Cambodia, Vietnam, Malaysia and Thailand were unfairly benefiting from government subsidies.

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Trump tariffs latest: Pound hits seven-month high amid dollar turmoil

Vietnam's trade ministry has reportedly issued a directive to crack down on illegal transhipment of goods to the United States and other trading partners. The ministry said trade fraud was likely to increase amid growing tension caused by US tariffs. Vietnam’s goods imports are nearly 40pc from China and Washington has openly accused Beijing of using the Southeast Asian nation to dodge US duties.

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Today

China’s threat to Asia on US tariff deals

China has urged Indonesia to help it oppose protectionism and escalate regional trade integration. The two countries held their first ever ‘two plus two’ defence and foreign minister-level talks in Beijing on Monday. It follows Chinese president Xi Jinping’s “charm offensive’ tour of Southeast Asian export nations Vietnam, Malaysia and Cambodia last week.

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8h ago

US finalises tariffs on Southeast Asian solar imports

The case was brought last year by Korea's Hanwha Qcells, Arizona-based First Solar Inc and several smaller producers seeking to protect billions of dollars in investments in US solar manufacturing. The petitioner group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Thailand and Vietnam of shipping panels below their cost of production.

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