India, April 22 -- The U.S. Department of Commerce has announced new countervailing and anti-dumping duties of up to 3,521 percent on imports of solar panels from four South East Asian countries.
The proposed steep hike in import duties target companies in Cambodia, Thailand, Malaysia and Vietnam.
The U.S. Commerce Department's decision is the culmination of a year-long investigations concerning Chinese-owned companies harming the U.S. solar manufacturing industry.
The American Alliance for Solar Manufacturing Trade Committee, made up of leading U.S. solar manufacturers, had filed a case in April 2024 alleging that producers and exporters from these nations have been dumping solar products into the U.S. market at unfairly low prices with...