Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
If you think a 25% tariff is not good, what about a tariff past 3,500%?
On Monday, the US Department of Commerce credit The high tariffs of solar panels and their related products from four countries in Southeast Asia, in Vietnia, Thailand, accusing the manufacturers in US products. Announcement concludes a year-trade trade review BEGINS Under the administration of the biden.
Tarff levels collect wildly between different countries and manufacturers. Solar cells made in Malaysia through Korean Company Hanwha earn only a tariff of 14.64%, the lowest imposed.
In contrast, four manufacturers in Cambodia-Hounen Solar, Jinktek Photovoltaic, ISC Cambodia and Solar Long PV Tech – have 3521% tariffs. The Southeast Asian country stopped working together in the US examination, leading such high penalties.
The US International Trade Commission will make a final determination of tariff rates on June 2.
US solar manufacturers, as well as foreign companies investing in US basis, Lobbize For the Anti-Dumping tariffs of Southeast Asia Manufacturers, which accuses their products below the cost of production. The American Alliance for Solar Mortress Committee also argues that Southeast Asia companies have received an uneven levels of subsidy.
Chinese-owned facilities
While Cambodia is still primarily an agrarian amusayan, solar panels are the top of the southern US country last year, according to of data from the Consultancy Oxford economy.
Overall, the US imports $ 12.9 billion worth of solar equipment from four countries targeted to the tariffs on Monday, which represents about 77% of the module imports according to to Bloomberg data.
In a statement on Monday, Alliance calls the final recommendation of the commerce Tariff a “determination victory” for making America.
“Executing our laws of trade is not a legal matter – it is important to rebuild our industry in the industry, protecting our energy jobs,” the co-chaffing trade and leadership of group advice, As in a statement.
This story originally shown Fortune.com
