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If you think 25% of the tariff is bad, what about a tariff that passes 3500%?
Monday, US Department of Trade laceler Solar panels and their four south-eastern Asian countries, Malaysia, Vietnam, Thailand and Cambodia, high tariffs on those who accuse the US market there in the US market. The ad ends the one-year trading area initial Under the guidance of Biden.
Tariff level various wildly among different countries and manufacturers. The solar cells made in Malaysia have only 14.64% tariffs by Korean company Hanwha, are applied the lowest.
In contrast, four producers of Cambodia-Hounen Solar, Jinktek Photovoltaic, ISC Cambodia and Sun long PV technological tariffs 3521.14%. The Southeast Asian country has stopped cooperation with the United States’s apparatus and caused such high penalties.
The US International Trade Commission will end in tariff rates on June 2.
US solar producers, as well as foreign companies producing US, lobby For waste tariffs on Southeast Asian manufacturers, it is accused of assessing its products below the price of production. The United States Its Alliance Trade Committee claimed that southeastern Asian companies have taken an unfair subsidy level, the United States has made the United States-made solar panels unusable.
Chinese solar production enterprises opened in Southeast Asia as companies seeking to walk US-China trade frictions.
Although Cambodia is still an agrarian economy, the solar panels were the highest exports of Southeast Asia last year, according to Information to the information of the Oxford economy.
In general, the United States imported $ 12.9 billion from four countries targeting about 77% of the modular imports, 12.9 billion worth of solar equipment according to To Bloomberg data.
A statement on Monday, the Alliance’s Commercial Department called the latest tariff recommendation for American production “decisive victory.”
“It is not only a legal matter to apply trading laws – is important to reset our industry and maintain our energy independence and maintain American affairs,” Tim Brightbill, Willey’s international trade experience and lead advice gossip in a statement.
This story was first displayed Fortune.com
