The U.S. plans to impose unprecedented tariffs, known as anti-dumping and countervailing duties, of up to 3,521% on solar panel imports from Malaysia, Thailand, Vietnam and Cambodia.
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00:00The U.S. Commerce Department plans to impose tariffs of up to an astronomical figure of 3,521% on solar panel imports from Southeast Asian countries.
00:13The proposed levies, also known as anti-dumping and countervailing duties, will target solar cells coming from companies in Malaysia, Thailand, Vietnam and Cambodia.
00:24The tariffs would vary depending on the company and the countries their products are made in.
00:31Certain exporters in Cambodia face the highest duties of 3,521% due to what officials see as a lack of cooperation with the Commerce Department.
00:41Meanwhile, products made in Malaysia by Chinese manufacturer Jinko Solar face some of the lowest duties at just over 41%.
00:49The levies would be imposed on top of existing tariffs already rolled out by the Trump administration.
00:55A final decision would be made by the U.S. International Trade Commission in June, following a year-long investigation.
01:02The probe was initiated when several major solar equipment producers urged then-President Joe Biden's administration to protect their U.S. operations,
01:12in response to allegations of subsidies from China and unfairly cheap products in the American market.
01:18Many Chinese firms have shifted operations to Southeast Asia in recent years in a bid to avoid tariffs imposed since the start of U.S. President Donald Trump's first term.