U.S. Commerce Department slaps unexpectedly
Coalition trade lawyer says the U.S. Department of Commerce''s final tariffs on solar cells and modules from Cambodia,
Coalition trade lawyer says the U.S. Department of Commerce's final tariffs on solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam are among the highest rates he's ever seen. From pv magazine USA
The first Trump administration made enforcing tariffs a key part of its trade policy. In 2018, Trump imposed Section 201 tariffs on solar panels imported from foreign countries, aiming to bolster American solar manufacturers. While American solar panel manufacturing did see an expansion, installation costs for homeowners escalated as a result.
Tariffs increase prices and disrupt supply chains, and solar manufacturing isn't immune to these impacts. Despite the potential upside for domestic manufacturers, as the tariffs are enforced, the cost of going solar will increase for homeowners across the U.S.
Other Countries: Imports from countries such as Vietnam, India, South Korea, and Malaysia face tariffs ranging from 24% to 46%, depending on prior trade agreements and existing duties. Implications for the Solar Industry: These tariffs have led to increased costs for solar equipment, which are often passed down the supply chain to end consumers.
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