US finalizes tariffs on Southeast Asian solar imports

Reuters - 22/04
The tariffs unveiled on Monday vary widely depending on the company and country.
  • Tariffs target major Chinese firms like Jinko Solar and Trina Solar
  • Tariffs go as high as 3,500%
  • International Trade Commission to vote on industry harm in June
April 21 (Reuters) - U.S. trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods.
The case was brought last year by Korea's Hanwha Qcells (000880.KS), opens new tab, Arizona-based First Solar Inc (FSLR.O), opens new tab and several smaller producers seeking to protect billions of dollars in investments in U.S. solar manufacturing.

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The petitioner group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Thailand and Vietnam of shipping panels priced below their cost of production and of receiving unfair subsidies that make American goods uncompetitive.
The tariffs unveiled on Monday vary widely depending on the company and country, but were broadly higher than the preliminary...
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