The U.S. International Trade Commission determined Tuesday that domestic solar panel makers were materially harmed or threatened by cheap imports from four Southeast Asian countries, paving the way for the Trump administration to impose steep tariffs hitting as high as 3,500%.
The commission responsible for establishing the legal basis for anti-dumping tariffs issued an "affirmative determination" that Malaysia, Thailand, Cambodia and Vietnam have been receiving subsidies from China to dump products into the global market, hurting U.S. solar panel makers.
The tariffs will vary depending on company and country, with Cambodia seeing the highest tariffs at more than 3,500%, Jinko Solar (JKS) products from Malaysia are set to see some of the lowest tariffs announced with rates around 41.56%, while other modules from Vietnam and Thailand are facing rates in the 120%-400% range.
The vote "leaves no doubt: These Chinese-headquartered companies have been violating trade laws by overwhelming the U.S. market with unfairly cheap, dumped and subsidized solar panels," said the lead attorney for the petitioning group, the American Alliance for Solar Manufacturing Trade Committee.
But another U.S. solar trade group, the Solar Energy Industries Association, said new tariffs actually would hurt domestic producers by increasing costs for panel buyers.
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Source: MSN
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
