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5d ago

US Finalizes Tariffs Up to 3,521% on Southeast Asian Solar Imports

Commerce Department's findings on Chinese subsidies and dumping await International Trade Commission's June decision to take effect.

Workers walk between solar cell panels over the water surface of Sirindhorn Dam in Ubon Ratchathani, Thailand April 8, 2021. Picture taken April 8, 2021 with a drone. REUTERS/Prapan Chankaew
A machine etches solar cells at the Hanwha Q Cells solar cell and module manufacturing facility in Dalton, Georgia on Oct. 6, 2022.
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Overview

  • The US Department of Commerce announced tariffs as high as 3,521% on solar imports from Cambodia, Vietnam, Malaysia, and Thailand after a yearlong investigation.
  • Cambodia faces the highest tariff rate due to non-cooperation in the investigation, while rates for other countries vary significantly by company and product.
  • The investigation revealed that Chinese subsidies were routed through Southeast Asian manufacturers, enabling them to sell products below production cost.
  • The tariffs aim to protect US solar manufacturers like First Solar and Hanwha Q Cells but raise concerns about increased costs for renewable energy developers.
  • The International Trade Commission will decide in June whether to finalize the tariffs, which accounted for 77% of US solar module imports in 2024.