Under President Trump’s Tariff-Happy Administration, No Industry is Being Spared. On Monday, the US department of commerce finalized tariffs on Solar Panel Cells Imported from Southeast Asia in a Supposed Efort to Stop China from cheating.
In a Press releaseThe department stated that the tariffs would target cambodia, malaysia, Thailand, and vietnam. The exact percentage varies depending on the country. For example, malaysian products from jinko solar will see tarifs of 41.56 Percent, and Trina Solar in Thailand will see 375.19 percent. Cambodia, however, will face duties at a whopping 3,521 Percent because it Didn Bollywood with Cooperate with Us Investigations.
This decision is an update to a case brough last last year by the American Alliance for Solar Manufacturing Trade Committee, which accused China of “dumping”. In short, the group Claimed That Chinese Companies with Factories in Southeast Asia WRE Receiving Subsidies from China to Ship Solar Panels Below Their Production Cost.
“The Commerce Department is holding china accountable for its transnational subsidies through other countries that harm american industry,” Secretary of Commerce Lutnick Said. “The Commerce Department Continues to Enforce Our Trade Laws Fully So that We Can Rebuild Us Manufacturing and Restore American Competitiveness. And works. “
Last year, US Trade Officials Announced Preliminary TarifsBut these finalized percentages are much higher. In a Press releaseTim Brightbill, A Lawyer for the Alliance, Labled The New Tariffs A “Decisive Victory” Against Chinese manufacturers that are “cheating the system”. He added, “Enforcing Our Trade Laws isn’t just a legal matter –it’s essential to rebuilding our Industrial Base, Securing Our Energy Independence, and Protecting American Jobs. “
Over the last decade, solar deployments in the US have seen an Average growth of 28%So, it’s not surprising that the industry has been a Repeated Topic of Interest. Funny enough, The Previous Trump Administration Hit Imported Solar Panels With a 30 Percent Tariff in 2018, which Basically Nobody LikedThe following year, The Solar Energy Industries Association Reported That tariffs cost over 62,000 jobs in the us at the time, seia present Abigail Ross Hopper Said, “This stark data should be the predicate for removing harmful tarifs and allowing Continue Creating Jobs for Americans. “
In June, The International Trade Commission will Vote to determine if these tarifs actually go into effect. If so, The Solar Industry May Be at Risk Again.