Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
US to make tariff decision on solar panels from India, Indonesia and Laos

US to make tariff decision on solar panels from India, Indonesia and Laos

101 finance101 finance2026/02/23 12:12
By:101 finance

Feb 23 (Reuters) - The U.S. Commerce Department on Monday will reveal a preliminary decision on whether ‌to impose anti-subsidy duties on solar cells ‌and panels imported from India, Laos and Indonesia.

The announcement is the ​first of two expected by the agency in the coming weeks in a trade case brought by a group representing a portion of the small U.S. solar manufacturing ‌sector. Commerce is ⁠likely to make final determinations later this year.

Monday's decision on countervailing duties will consider ⁠whether companies operating in the three countries received unfair government subsidies that make American products uncompetitive. Commerce is ​set to ​make a separate decision ​next month on whether ‌those companies flooded the U.S. market at prices below their cost of production.

The Alliance for American Solar Manufacturing and Trade includes South Korea's Hanwha Qcells and Arizona-based First Solar, which are seeking to protect billions of ‌dollars in investments in U.S. ​factories.

The group's petition, filed in ​July, accuses Chinese companies ​of shifting production from nations that ‌received U.S. tariffs to Indonesia ​and Laos, and ​also accuses Indian-headquartered manufacturers of dumping cheap goods in the United States.

The group has succeeded previously ​in winning tariffs ‌on imports from countries in Southeast Asia including ​Malaysia, Cambodia, Vietnam and Thailand.

(Reporting by Nichola ​Groom; editing by Diane Craft)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!