The U.S. slaps even more tariffs on Southeast Asia, as solar panels get anti-dumping duties that go as high as 3,521%
If you think that the 25% tariff is bad, as to the tariff that exceeds 3,500%.
Monday at the US Department of Commerce slap High tariffs of solar panels and related products that come from four Southeast Asian countries, Malaysia, Vietnam, Thailand and Cambodia, are accused of garbage collection in the US market. The announcement ends with an annual trade investigation initiate Under Biden’s management.
Tariff level diverse wildly between different countries and producers. The solar cells in Malaysia received a 14.64% tariff in Malaysia, which is forced.
In contrast, Cambodia-Hareown Sun, Jinktek Photovoltaic’s Four Manufacturers ISC Cambodia and Long PV Tech-GE Tariffs: 3521.14%. Southeast Asia’s country has stopped working with the US investigation, which leads to such high penalties.
The US International Trade Commission will make a final decision on tariff pace on June 2.
US solar manufacturers, as well as foreign companies, have invested in US-based production, lobby For anti-treatment tariffs on Southeast Asian manufacturers, accusing them of their products below the cost of production. The US bloc of the Solar Production Committee also claimed that Southeast Asian companies have received an unfair level of subsidies, which is allowed in the United States’s solar panels uncompetitive.
China’s solar production capabilities rising in Southeast Asia, as companies sought to navigate US-China commercial contacts.
While Cambodia is still mainly an agrarian economy, the solar panels were exporting to Asia’s country in southeastern US last year. respectively Advisory Oxford Economics of Economics.
In total, the United States has imported $ 12.9 billion on Monday tariffs on Monday Tariffs, which represent about 77% of the module imports. respectively To Bloomberg data.
On Monday, the Alliance called the final tariff proposal of the Trade Department “Decisive Victory” for American production.
“Our commercial legislation is not only a legal issue. It is necessary to rebuild our industrial base, ensuring our energy independence and protect American jobs, co-chair of “Villey” international practice, said in a statement.
This story was originally shown Fortune.com
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