US trade officials to consider tariffs on solar imports from Southeast Asia By Reuters


© Reuters. FILE PHOTO: Solar panels are seen at the Desert Stateline project near Nipton, California, US August 16, 2021. Picture taken August 16, 2021. REUTERS / Bridget Bennett


By Nichola Groom

(Reuters) – US trade officials on Monday said they would launch an investigation into whether to impose tariffs on solar energy equipment from four Southeast Asian nations, a blow to project developers that rely on cheap imports to keep their costs down.

The decision is a victory for Californian solar manufacturer Auxin Solar, which requested the probe. Its petition is the latest in a string of efforts by US solar producers to stem the flow of cheap Asian panels that dominate the market.

San Jose-based Auxin earlier this year requested an investigation by the department, arguing that Chinese manufacturers shifted production to Malaysia, Thailand, Vietnam and Cambodia to avoid paying US duties on Chinese-made solar goods.

In a memo on a Commerce Department web site, officials said Auxin had provided information indicating that solar companies operating in Malaysia, Thailand, Vietnam and Cambodia are subsidiaries of large Chinese producers and that products made there would be subject to US countervailing and anti-dumping duties if made in China.

“Auxin properly alleged the elements necessary for a circumvention determination,” the memo said.

Commerce will issue a preliminary determination within 150 days, it said.

Auxin welcomed the decision.

“We are grateful Commerce officials recognized the need to investigate this pervasive backdoor dumping and how it continues to injure American solar producers,” Auxin Chief Executive Mamun Rashid said in a statement.

US solar trade groups lobbied heavily against Commerce taking up the petition saying it would devastate their industry and increase electricity costs for consumers.

“Today’s decision responds to the self-interests of one company and will lead to more market volatility and job losses,” Solar Energy Industries Association CEO Abigail Ross Hopper said in a statement.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Comment