Trump Hits Southeast Asian Solar Panels With Tariffs as High as 3,521%

Under the management of president Trump, the Introduction, no industry is rescued. On Monday, the US Department of Commerce put up the huge tariffs on the cells of Southeast Asia’s solar panels in an assumed attempt to prevent China from cheating.

In a press release, the administration stated that the customs tariff will target Cambodia, Malaysia, Thailand and Vietnam. The exact percentage varies depending on the country. For example, the Malaysian products from Jinko Solar will see a tariff of 41.56 percent, and Trina Solar will see in Thailand 375.19 per cent. However, Cambodia will face 3521 percent duties because it has not cooperated with US investigations.

This decision is to update the state of what the American Trade Committee for Solar Industrialization submitted last year, which accused China of “dumping” stocks. In short, the group claimed that Chinese companies that have factories in Southeast Asia were receiving subsidies from China to charge solar panels less than the cost of production.

“The China Ministry of Commerce gathered responsible for its national support through other countries that harm the American industry,” said Houard Minister of Commerce. “The Ministry of Commerce continues to impose our entire commercial laws so that we can rebuild American manufacturing and restore American competitiveness. We must guarantee a level level for American companies and workers.”

Last year, US trade officials announced an initial tariff, but these inhabited rates are much higher. In a press release, Tim Braretbell, the coalition lawyer, described the new customs duties as a “decisive victory” against Chinese manufacturers that “cheat the regime”. He added, “The enforcement 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. “

Over the past decade, solar publishing in the United States has seen 28 % average growth. Therefore, it is not surprising that the industry is an importantly repeated theme. Sufficiently funny, the former Trump administration struck imported solar panels with a 30 percent tariff in 2018, which basically no one likes. The following year, the Solar Energy Industries Association stated that the customs tariff costs more than 62,000 jobs in the United States at the time, and SEIA Abyel Ross Hopper’s president said: “This bright data should be the support to remove harmful definitions, allow solar energy to compete to some extent and continue to create jobs for Americans.”

In June, the International Trade Committee will vote to determine whether these definitions are already in effect. If so, the solar energy industry may be in danger again.