Overview
- The Commerce Department launched parallel anti-dumping and countervailing duty probes into crystalline silicon PV cells under tariff codes 8541.42.0010 and 8541.43.0010.
- The U.S. International Trade Commission will issue a preliminary injury ruling by September 2 and, if affirmative, Commerce will set subsidy rates by October 13 and dumping duties by December 26.
- Commerce filings cite 2024 export values of about $792.6 million from India, $415.2 million from Indonesia and $335.7 million from Laos to the U.S.
- Preliminary metrics allege dumping margins of roughly 123% for Indian and Laotian exporters and 94% for Indonesian firms, with subsidy rates above de minimis thresholds.
- Shares of major Indian solar suppliers fell up to 5% after news of the probe as companies pledge U.S. manufacturing expansions and analysts warn duties could raise project costs and spur further supply‐chain shifts.