US Trade Panel Advances Tariffs on Solar Imports from Southeast Asia - PRESS AI WORLD
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US Trade Panel Advances Tariffs on Solar Imports from Southeast Asia

share-iconPublished: Wednesday, May 21 share-iconUpdated: Wednesday, May 21 comment-icon6 months ago
US Trade Panel Advances Tariffs on Solar Imports from Southeast Asia

Credited from: REUTERS

  • The US International Trade Commission votes to impose tariffs on solar products imported from four Southeast Asian nations.
  • This decision follows accusations that Chinese firms are unfairly subsidizing solar panels produced abroad.
  • Domestic manufacturers have expressed concerns that new tariffs will raise costs rather than benefit the industry.

The U.S. International Trade Commission (ITC) has determined that domestic solar panel manufacturers were materially harmed by an influx of cheap imports from Malaysia, Thailand, Cambodia, and Vietnam. This pivotal vote allows the U.S. Commerce Department to move forward with imposing countervailing and anti-dumping tariffs on these solar products, marking a significant step in addressing trade imbalances in the solar industry, according to Channel News Asia, South China Morning Post, and Reuters.

This decision stems from a year-long trade case initiated by American companies such as Korea's Hanwha Qcells and Arizona's First Solar. They alleged that Chinese exporters were circumventing existing tariffs through production in Southeast Asia, leading to an oversaturated market with subsidized and underpriced solar panels. “This cannot stand. Our growing American industry deserves - and now will have - the chance to compete fairly,” stated Tim Brightbill, the lead attorney for the petitioning group. The ITC's vote confirmed that these imports harm the domestic industry, enabling the Commerce Department to officially enact tariffs against these foreign products, according to Channel News Asia, South China Morning Post, and Reuters.

Channel News Asia, South China Morning Post, and Reuters.


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