TAN - The Impact Of Solar Power Equipment Tariffs On Global Supply Chains

2024-06-10 13:55:00 ET

Summary

• Solar panel imports to the US increased by 78.2% year over year in 2023, though have slowed somewhat in the first quarter of 2024.
• Growth was centered around unassembled modules, which made up 67.9% of total photovoltaic imports in the first quarter.
• As the solar power industry continues to evolve, it is essential for companies to remain agile and proactive in navigating the changing landscape of tariffs and trade policies.

The impact of solar power equipment tariffs on global supply chains

The American Alliance for Solar Manufacturing Trade Committee (AASMTC) has filed a petition with the US International Trade Commission (US ITC) to impose anti-dumping and countervailing duties on solar panel imports from Cambodia, Vietnam, Malaysia, and Thailand. The AASMTC claims that manufacturers from these countries are dumping products below cost in the US market and receiving subsidies....

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