Credited from: REUTERS
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.