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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17h ago

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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23h 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.

17h ago

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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17h 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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17h 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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17h 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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17h ago

Trump Hits Southeast Asian Solar Panels With Tariffs as High as 3,521%

The U.S. Department of Commerce finalized hefty tariffs on solar panel cells imported from Southeast Asia. The tariffs would target Cambodia, Malaysia, Thailand, and Vietnam. The exact percentage varies depending on the country. Cambodia, however, will face duties at a whopping 3,521 percent because it didn't cooperate with investigations.

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12h ago

Tariffs on Asian-made solar cells to skyrocket up to 3,521%

US to slap up to 3,521% tariffs on SE Asian solar imports – especially you, Cambodia. US says Chinese factories use proxies to dodge import taxes on solar cells. Solar panels made in a number of Southeast Asian countries face massive new import duties into America.

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10h ago

Trump set to slap massive 3521 per cent tariffs on Asia

US plans to impose 3521 per cent tariffs on solar panel imports from Asia. The move follows a year-long investigation into alleged Chinese subsidies and price dumping. Malaysia’s Jinko Solar and Thailand's Trina Solar face the steepest tariffs of 41 per cent and 375 per cent.

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8h ago

Solar Imports Could Face Tariffs Up To 3,521 Percent Under New Anti-Dumping Rules

China is accused of paying Southeast Asian companies to sell solar panels below manufacturing costs to hurt US companies.

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16h ago

The US hikes tariffs on solar products from Asia

The action targets Chinese companies moving solar cells through Southeast Asia. The tariffs essentially make the products “unmarketable” in the US. The move comes after long-running Commerce Department investigations into whether Chinese companies were funneling products through Asia to avoid tariffs and lower prices. It also heightens Donald Trump’s trade war with China after roiling the world.

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12h ago