If you believe that 25% tariff is a bad one and what is 3500% with the tariff?
On Monday, the US Trade Ministry Bill High solar rates and related products coming from four countries of Southeast Asia, Malaysia, Vietnam, Thailand and Cambodia, accusing manufacturers of the US market there. The ad ends with a perennial trading probe initiated Under the Biden administration.
The level of tariffs changed wildly between different countries and manufacturers. The solar elements made in Malaysia by the Korean company Hanwha only the tariff by 14.64%, the lowest imposed.
Unlike this, four manufacturers in Cambodia – Hounn Solar, photovolta jinktek, isc cambodia and Solar Long PV Tech – tariffs of 3521.14%. The Southeast Asia country stopped cooperating with the US probe, which led to such high punishments.
On June 2, the US Commission for International Trade will finally determine tariffs.
American Solar Purpose Manufacturers as well as foreign companies that invest in the USA, met For anti-dumping tariffs for Southeast Asia manufacturers, accusing them of the cost of their products. The American Alliance on the Trade Mark of Solar Energy also claimed that Southeast Asia’s companies had an unfair level of subsidies, which made US solar panels uncompetitive.
Chinese production facilities jumped over Southeast Asia when companies sought to navigate the US and China trades.
While Cambodia is still an agrarian economy, solar panels were the main exports of the country southeastern Asia last year, last year, In the hall to the counseling Oxford Economics data.
A total of the US imported solar equipment worth $ 12.9 billion from four countries aimed at Monday tariffs, which is about 77% In the hall to Bloomberg Data.
In a statement on Monday, the alliance called the final tariff recommendation of the Department of Trade “Current Victory” for US production.
“The application of our trade laws is not only a legal case, it needs the restoration of our industrial base, ensuring our energy independence and protection of American jobs,” Tim Braitbil, co-chairman of the Wiley International Trade Practice and the leading lawyer, in the group, group, – Note In a statement.
Originally this story was presented on Fortune.com
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2025-04-22 06:35:00
Lionel Lim
