US sets tariffs of up to 3,521% on South East Asia solar panels
The US Commerce Department has announced plans to impose tariffs of up to 3,521% on imports of solar panels from four South East Asian countries.
The American Alliance for Solar Manufacturing Trade Committee also argued that Southeast Asian companies received an unfair level of subsidies, making U.S.-made solar panels uncompetitive. Chinese-owned solar manufacturing facilities have popped up across Southeast Asia as companies sought to navigate U.S.-China trade frictions.
Chinese-owned solar manufacturing facilities have popped up across Southeast Asia as companies sought to navigate U.S.-China trade frictions. While Cambodia is still primarily an agrarian economy, solar panels were the Southeast Asian country's top export to the U.S. last year, according to data from consultancy Oxford Economics.
The US Commerce Department has announced plans to impose tariffs of up to 3,521% on imports of solar panels from four South East Asian countries. It comes after an investigation that began a year ago when several major solar equipment producers asked the administration of then-President Joe Biden to protect their US operations.
Solar energy is the heat and radiant light from the Sun that can be harnessed through technologies such as solar power (used to generate electricity) and solar thermal energy (used for applications like water heating). The Southeast Asia Solar Energy Market is segmented by technology, grid type, and end-user.
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