US imposes anti-dumping tax of up to 271% on solar panels from Vietnam and 3 other countries

(GLO) - The US Department of Commerce has officially finalized anti-dumping and countervailing duties on solar batteries and panels imported from four Southeast Asian countries: Malaysia, Thailand, Cambodia, and Vietnam.

According to the US Department of Commerce website on April 22, anti-dumping duties range from 6.1% to 271.28%, while countervailing duties can reach up to 3,403.96%, depending on the company and country.

Solar panels in Thailand. Photo: Reuters

Specifically, according to Reuters, the new tariffs on solar panel products from Southeast Asia (including Malaysia, Cambodia, Thailand, and Vietnam) vary among businesses and countries, but are all higher than the initial rates set late last year.

The total anti-dumping and countervailing duties on Jinko Solar products from Malaysia are among the lowest at 41.56%, while Trina Solar products from Thailand face duties exceeding 375%.

Products from Cambodia will face tariffs exceeding 3,500% because manufacturers have chosen not to cooperate with the US investigation.

For these tariffs to officially take effect, the U.S. International Trade Commission will vote next June to assess whether the dumping and subsidies are causing serious harm to the domestic industry.

Previously, US solar energy manufacturers initiated an investigation, accusing foreign companies of dumping and receiving unfair subsidies. These manufacturers alleged that major Chinese companies such as Jinko Solar and Trina Solar set up factories in Southeast Asia to evade tariffs, then exported cheap equipment to the US, harming the domestic industry.

Timeline of events: The US imposes retaliatory tariffs.

April 22nd

US imposes anti-dumping tax of up to 271% on solar panels from Vietnam and 3 other countries

April 22nd

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April 21st

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Source: https://baogialai.com.vn/my-ap-thue-den-271-chong-ban-pha-gia-pin-mat-troi-tu-viet-nam-va-3-quoc-gia-khac-post319936.html