US to impose tariffs of up to 3,521% on south-east Asia solar panels
c/worldnews · u/Alsephina@lemmy.ml · 127 points
The US commerce department has announced the new tariffs, targeting companies in Cambodia, Thailand, Malaysia and Vietnam, after an investigation begun a year ago when American manufacturers of solar panels accused Chinese companies of flooding the market with subsidised, cheap goods.
Products from Cambodia would face the highest tariffs, of 3,521%, because its companies did not cooperate with the US investigation, while products made in Malaysia by the Chinese manufacturer Jinko Solar face duties of just over 41%; rival Trina Solar’s products from Thailand will incur tariffs of 375%.
However, critics, including the Solar Energy Industries Association trade group, have said tariffs would harm US solar producers because they would raise prices on the imported cells that are assembled into panels at American factories.