Trump Hits Southeast Asian Solar Panels With Tariffs as High as 3,521%

The President stems from any industry under the Tariff-Happy Administration of Trump. On Monday, the US Combustency Department ended with heavy tariffs in solar panel cells, making a profitable effort in solar panel cells brought from Southeast Asia.

One Press releaseThe department said the tariffs will target Cambodia, Malaysia, Thailand and Vietnam. The exact percentage varies depending on the country. For example, Jinko will see 41.56 percent of tariffs from the Sun-Sun, and Trina in Thailand will see 375.19% of the Sun. Cambodia is 3521 percent more than in cooperation with US research.

This decision is an update for a lawsuit brought by the United States, which accuses Dumping inventory for the Chinese Production Trade Committee. In short, the group claimed Chinese companies, which are factories in Southeast Asia, received subsidies from China to send solar panels from under production costs.

“The trade department is” accountable for American subsidies “,” said Lutnick, “According to transnational subsidies through other countries in American industry.” “The trade department continues to apply trade laws so that we can reset our US production and restore American competitiveness. We must provide a level playground for American enterprises and employees.”

US trading authorities last year Announced the preliminary tariffsHowever, these clarified interest are higher. One Press releaseTim Brightbill, a lawyer for the union, a “decisive victory” against Chinese manufacturers “deceive the system”. Added “Application of trading law is not only a legal issue – it is important to reset our industry and maintain our energy independence and maintain American affairs. “

We also saw sunbeds in the United States in the last ten years Average growth 28%. Thus, it is not surprising that the industry has a recurrence. Enough funny, previous Trump Office Click the Sun Panels imported by 30 percent of tariff In 2018 Mostly nobody liked. Next year, the Solar Energy Industry Association declare When the tariffs are at the moment of more than 62,000 jobs, Seia President Abigail Ross Hopper said: “This harsh data should be predicate to eliminate harmful tariffs and premium to continue to compete and create workplaces for Americans.”

In June, the International Trade Commission will vote to determine if these tariffs actually come into force. If so, the solar industry can be at risk again.