U.S. Imposes New Tariffs on Solar Panels from Southeast Asia

1. Background and Policy Objective

On April 21, the U.S. Department of Commerce announced new tariffs on solar panel imports from four Southeast Asian countries: Vietnam, Thailand, Malaysia, and Cambodia. This move follows a year-long trade investigation, prompted by domestic manufacturers, aimed at addressing alleged dumping and unfair subsidies.

2. Specific Tariff Rates

The tariff levels vary by country and manufacturer:

• Jinko Solar (Malaysia): Subject to a combined duty of 41.56%.

• Trina Solar (Thailand): Faces a rate of over 375%.

• Cambodia: Due to non-cooperation during the investigation, face tariffs of more than 3,500%.

• Vietnam: Up to 542.64% (some products can reach up to 395.9%)

3. Trade Impact

In 2024, the U.S. imported approximately $12.9 billion in solar equipment from the four countries, accounting for 77% of total solar module imports. The new tariffs are expected to increase import costs and could affect supply to the renewable energy sector.

4. Industry Response

Some industry groups have criticized the move, including The Solar Energy Industries Association (SEIA): Warns that the tariff hike could harm U.S. solar companies by driving up equipment costs, slowing deployment, and reducing competitiveness.

5. Next Steps

The U.S. International Trade Commission is scheduled to vote in June to determine whether the domestic industry has suffered material injury due to the imports, which will be key in deciding whether the tariffs remain in effect.

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