SoutheastAsia

U.S. Slaps Huge Tariffs on Southeast Asian Solar Panels

In a major trade move, the U.S. has hit solar panel imports from Southeast Asia with massive tariffs—some exceeding 3,500%.

Why the crackdown?
Officials allege that producers in Cambodia, Vietnam, Thailand, and Malaysia are flooding the market with underpriced, subsidized panels—a practice known as "dumping."

Here’s the tariff breakdown:

Cambodia: 3,521%

Vietnam: 395.9%

Thailand: 375.2%

Malaysia: 34.4%

Winners:

American solar manufacturers like First Solar and Hanwha Q Cells get a boost.

Losers:

U.S. renewable energy developers face higher prices and fresh supply chain headaches.

Looking ahead:
To dodge tariffs, some firms are already eyeing new manufacturing hubs like Indonesia, Laos, and Oman. A final decision from the U.S. International Trade Commission is due next month.

(Source: Bloomberg via The Business Standard)
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