Overview

• The U.S. Department of Commerce announced tariffs as high as 3,521% on solar imports from Cambodia, Vietnam, Malaysia, and Thailand following a yearlong investigation into alleged dumping and subsidies.
• Cambodia faces the steepest tariffs due to non-cooperation, while other nations and companies face varying rates depending on subsidy and dumping levels.
• The tariffs aim to protect U.S. manufacturers like First Solar and Hanwha Q Cells but raise costs and uncertainty for renewable energy developers reliant on imports.
• The U.S. imported $12.9 billion in solar equipment from the affected countries in 2024, accounting for 77% of total module imports.
• The proposed duties now require approval from the U.S. International Trade Commission, with a final decision expected in June 2025.