US Finalizes Major Solar Tariffs on Asian Imports

The U.S. Commerce Department has finalized tariffs as high as 3,521% on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam, following an investigation into Chinese-owned companies allegedly evading existing tariffs and benefiting from Chinese subsidies. The investigation targeted major firms such as Jinko Solar and Trina Solar, finding that subsidies enabled them to undercut U.S. manufacturers by selling below cost. Domestic manufacturers like Hanwha Qcells and First Solar have strongly supported the tariffs, which are seen as a victory for U.S. industry. However, the U.S. renewable energy sector, which depends heavily on imports from these countries, could face higher costs and supply disruptions. The tariffs still require approval from the International Trade Commission, expected in June, before taking effect. The move reflects ongoing efforts by both the Trump and Biden administrations to protect American manufacturing against unfair foreign competition.