U.S. to Place Up to 3,521% Tariffs on Southeast Asia Solar Equipment

On Tuesday, the U.S. International Trade Commission voted that crystalline silicon photovoltaic cells from Cambodia, Malaysia, Thailand, and Vietnam cause harm to the U.S. solar industry. The vote cleared the way for steep tariffs to be enacted on solar equipment imports from these four countries starting in June.

Southeast Asia Solar Equipment Hit with Steep U.S. Tariffs

The U.S. Commerce Department had previously concluded that solar government subsidies within the four countries were unfairly deflating prices, threatening U.S. solar companies in the process. It had set a rate as high as 3,521% for some solar manufacturers in Cambodia given the country’s withdrawal from a solar subsidy investigation, according to Bloomberg. For the other countries, the rates are lower, although still high, and range between 34.4% and 395.9%.

U.S. solar companies are trading higher on the news, with First Solar (FSLR) and SolarEdge Technologies (SEDG) in the green.