The United States slapped more customs tariffs on Southeast Asia, where solar panels get dumping duties of up to 3521 %
If you think a tariff of 25 % is bad, what about a tariff that exceeds 3500 %?
On Monday, the US Department of Commerce Slap High tariff on solar panels and relevant products coming from four countries in Southeast Asia, Malaysia, Vietnam, Thailand and Cambodia, accusing manufacturers there from dumping products in the American market. The announcement of the trade probe ends for a year Start Under Biden management.
Customs tariff levels Diverse Violently 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.
American solar manufacturers, as well as foreign companies that have invested in the United States -based manufacturing, the pressure To obtain an anti -discharge tariff for Southeast Asia 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 of the country of Southeast Asia to the United States last year. According to To data from economic consulting in Oxford.
In total, the United States imported 12.9 billion dollars from solar energy equipment from the four countries targeted by the tariffs on Monday, which represents about 77 % of stereotypes imports 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 independence in energy and protect American jobs,” Tim Braretbell, co-chair to international trade in Waili and a senior group of the group, He said In a statement.
This story was originally shown on Fortune.com
