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3w ago

US Proposes Tariffs of Up to 3,521% on Southeast Asian Solar Panels

The steep duties aim to counter alleged Chinese subsidies and could reshape global solar supply chains, with final rates pending by June 2, 2025.

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in Reihen verlegte Solarpanele

Overview

  • The US International Trade Administration (ITA) has proposed additional tariffs ranging from 34.41% to 3,521% on solar panels imported from Cambodia, Malaysia, Thailand, and Vietnam.
  • The tariffs are intended to offset alleged Chinese government subsidies to Southeast Asian panel producers, which the US claims harm domestic manufacturers.
  • Two Cambodian companies, Hounen Solar and Solar Long PV-Tech, face the highest proposed rate of 3,521%, equating to 35 times the sale price of their products.
  • These new duties will be added to the 10% general import tariff implemented on April 2, 2025, further increasing costs for US importers.
  • The US International Trade Commission (ITC) is set to finalize the tariff rates by June 2, 2025, following its ongoing investigation into the impact of Chinese subsidies on the US solar industry.