The US government has announced extra rates of a maximum of 3521 percent on solar panels from Southeast Asia. Cambodia, Malaysia, Thailand and Vietnam are affected, explained on Monday the International Commercial Authority (ITA), which is subordinate to the US Department of Trade.
The high import tariffs must therefore compensate for supporting the production of solar panels in these countries by China. The sun companies in the Southeast Asian countries had received subsidies from the Chinese government that an investigation by the Commission for International Trade (ITC), which had already started in April 2024, had said that this was the case. The ITC should now determine until 2 June, what consequences these subsidies have for the American manufacturers and what rates are due in the future.
Customs must be 35 times the selling price
The ITA is planning a habit of 34.41 percent on solar panels from Malaysia; For solar panels from Cambodia, the surcharge must be 651.85 percent. For the products of two companies from Cambodia, Hunden Solar and Solar Long PV-Tech, the sentence must be 3521 percent. 35 times the selling price.
According to Chinese information, the Panele 2023 that the US imported in 2023 in 2023 had a value of nearly twelve billion dollars. The intended rates came to almost all imports on almost all the import that had been in force since 2 April. The solar rates would also run the “mutual” rates about imports from different countries, which were initially exposed by US President Donald Trump.
Complaints from the manufacturer of solar panel in the US.
The investigation was started in April 2024 after complaints from American manufacturers. At that time, their association said that the sun companies in the four Southeast Asian countries were subsidiaries of Chinese companies that received subsidies from the Chinese government.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
