The United States plans to impose new tariffs on solar products imported from four Southeast Asian countries

Mars Finance News, on April 22, the United States announced new tariffs on solar products imported from Cambodia, Malaysia, Thailand, and Vietnam. According to a decision published on the U.S. Department of Commerce website on Monday local time, the anti-dumping duties for solar products from these four Southeast Asian countries range from 6.1% to 271.28%, depending on the company and country. Countervailing duties range from 14.64% to 3403.96%. These four countries currently supply about 77% of photovoltaic components to the United States, with total solar equipment exports reaching $12.9 billion last year. This tariff decision is the final result of a one-year trade investigation initiated by domestic U.S. solar manufacturers and launched by former President Biden. While domestic U.S. manufacturers view this as a victory, the new tariffs may intensify cost pressures on the renewable energy industry, which is already facing policy shifts and economic headwinds. The Trump administration is attempting to revive the fossil fuel industry and continues to reduce support for green projects.