USA imposes tariffs on solar panels, with Malaysia at 9.13%, the second highest in ASEAN.
Report: @Jungle lee
In order to protect local businesses, the US Department of Commerce imposes varying tariffs on solar panels from Southeast Asia. Taking Malaysia as an example, companies not specified face a preliminary tax rate of 9.13%, ranking second highest in Southeast Asia.
Earlier, a preliminary investigation found these products benefited from illegal government subsidies. The introduction of this policy signifies an initial victory for domestic solar panel manufacturers in the United States.
According to Bloomberg, local companies are requesting the US government to impose tariffs, stating that other countries benefit from foreign subsidy mechanisms and sell at prices below production costs.
It is worth noting that this case is the latest move by American manufacturers against overseas competitors. As early as 12 years ago, the US had imposed similar tariffs on Chinese solar cells and components.
At that time, the response or contingency measure of Chinese manufacturers was to establish operations in other Asian countries not affected by tariffs.
According to the US Department of Commerce, the preliminary general duty rates for unspecified Thai companies are 23.06%; Malaysia 9.13%; Cambodia 8.25%; Vietnam 2.85%.
In the specified company's specific tax rate, Hanwha Q Cells Malaysia Private Limited's (Hanwha Q Cells) imported product tax rate is 14.72%; JinkoSolar Holding Malaysia entity partially imports products are taxed...

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