US Clears Way for Tariffs on $13 Billion of Solar Imports
US duties on solar equipment from four Southeast Asian countries are now set to take effect, following a government agency’s conclusion that the imports threaten domestic manufacturers.
(Bloomberg) — US duties on solar equipment from four Southeast Asian countries are now set to take effect, following a government agency’s conclusion that the imports threaten domestic manufacturers.
With a vote Tuesday, the US International Trade Commission said it had concluded that imported solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam injure the domestic industry. The determination was a key final threshold for duties to take full effect, setting the stage for collections in June.
The decision is a victory for manufacturers operating in the US. Companies including Hanwha Q Cells and First Solar Inc. have blamed a surge of discounted imports from Southeast Asia for making it difficult to build and sell equipment domestically, even with tax incentives meant to help drive domestic manufacturing of advanced energy technology. First Solar shares gained as much as 4.8%.