The U.S. slaps even more tariffs on Southeast Asia, as solar panels get anti-dumping duties that go as high as 3,521%
If you think a tariff of 25 % is bad, what about a tariff that exceeds 3500 %?
On Monday, the US Department of Commerce manufactured a high tariff on solar panels and relevant products coming from four Southeast Asian countries, Malaysia, Vietnam, Thailand and Cambodia, accusing manufacturers there of products in the American market. The announcement of the trade probe throughout the year ends with the Biden Administration.
Customs tariffs varied significantly between different countries and manufacturers. The solar cells in Malaysia by the Korean company Hanwha did not get a tariff of 14.64 %, which is the lowest level.
On the contrary, four manufactured companies in Cambodia – Honin Solar, PVG, ISC Cambodia and long solar energy technology – a tariff of 3521.14 %. A country of Southeast Asia has stopped cooperating with the American investigation, which led to these high sanctions.
The American International Trade Committee will finalize tariff prices on June 2.
US solar manufacturers, in addition to foreign companies that have invested in manufacturing in the United States, were pressed for anti -alignment definitions of Southeast Asian manufacturers, accusing them of pricing their products without the cost of production. The American Alliance for Solar Energy Manufacturing Committee also argued that Southeast Asian companies have received an unfair level of subsidies, making American solar panels not competitive.
Chinese -owned solar manufacturing facilities appeared throughout Southeast Asia, as companies have sought to move in the commercial friction of the United States of China.
While Cambodia is still primarily an agricultural economy, solar panels were the highest export in Southeast Asia to the United States last year, according to data from Oxford Economics.
In total, the United States imported 12.9 billion dollars from the four countries targeted by the tariffs on Monday, which represents about 77 % of the imports of stereotypes, according to Bloomberg data.
In a statement on Monday, the coalition described the recommendation of the final tariff of the Ministry of Trade as a “decisive victory” for American industrialization.
“The application of our commercial laws is not just a legal issue-it is necessary to rebuild our industrial base, secure our energy independence and protect American jobs,” said Tim Braretbell, the co-chair of international trade in Waili.
This story was originally shown on Fortune.com
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2025-04-22 06:35:00
