Seven companies on Tuesday submitted a petition to the Biden administration, asking it impose duties on $12. 5 billion of solar equipment imported from Asia, per a Bloomberg report this morning.
Is China dumping solar panels?
A coalition of U.S. solar manufacturers submitted a request for investigation of alleged dumping of Chinese goods in four Southeastern Asian nations responsible for roughly 80% of U.S. solar panel supply. Shipping containers.
This action comes less than a year after the U.S. Department of Commerce made its final determination that Chinese solar manufacturers were circumventing tariffs on solar cells and solar panels by shipping their products through Cambodia, Malaysia, Thailand, and Vietnam.
Why did the US impose new anti-dumping tariffs on solar panels?
The US has imposed new anti-dumping tariffs on solar panels imported from Southeast Asia, tightening restrictions on Chinese manufacturers accused of using these countries to avoid fair trade rules.
Are Chinese solar companies illegally undercuting the solar market?
Companies including Qcells, First Solar, and Swift Solar on Wednesday asked the Biden administration to slap tariffs on solar cells from four countries in Southeast Asia. The US solar companies allege that Chinese-owned firms operating in Cambodia, Malaysia, Thailand, and Vietnam are illegally undercutting the market.
“We are seeking to enforce the rules, remedy the injury to our domestic solar industry, and signal that the U.S. will not be a dumping ground for foreign solar products.” This new petition comes eight months after Commerce did extend AD/CVD to Chinese solar manufacturers working in Southeast Asia.
The alleged dumping and subsidization of products made in Southeast Asia to avoid U.S. trade rules has led to a historic glut of solar panels believed to be sold at prices below the cost of production. The International Energy Agency (IEA) reports that there is a year and a half of stockpiled panels in American warehouses.