US Imposes Tariffs on Solar Companies Evading China Duties
The United States has finalized a decision to impose import duties on solar panel makers who finish their products in Southeast Asian nations to avoid tariffs on Chinese-made goods. The decision, which mirrors a preliminary finding made in December, aims to prevent Chinese companies from dodging U.S. tariffs on solar cells and panels. The move is seen as good news for the small U.S. solar manufacturing industry, which has struggled to compete with Chinese goods. However, it is opposed by buyers of solar panels who rely on cheap overseas products. The duties will not take effect until June 2024 due to a two-year waiver from President Joe Biden.