Will US solar import tariffs hurt Southeast Asian producers?

BEIJING, Dec 2 (Reuters) - A new round of U.S. solar panel import tariffs on Southeast Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated by industry, analysts said.

Should the US impose new tariffs on solar imports?

The U.S. already collects an array of duties on solar imports. Not all U.S. solar manufacturers want Commerce to impose new tariffs on solar imports. Companies setting up panel factories, for instance, rely on low-cost solar cells from Southeast Asia to assemble into panels in the U.S.

Which countries import the most solar panels?

Those countries — Vietnam, Malaysia, Thailand, and Cambodia — are responsible for nearly three-quarters of solar modules imported to the United States.

Does the US import solar panels?

The US imports most of its solar panels. A new ruling may make that more expensive Workers install solar panels on a rooftop at AltaSea's research and development facility at the Port of Los Angeles on April 21, 2023.

Will Obama-era solar tariffs make new solar projects more expensive?

The ruling, unveiled Friday, means that new U.S. solar projects may soon be more expensive: manufacturers whose goods run afoul of Obama-era solar tariffs will be subject to additional import duties on their products.

What are solar panel import tariffs?

Solar panel import tariffs are primarily intended to support the development of a new U.S.-based solar module manufacturing supply chain, which is financially backed by the Inflation Reduction Act. This act introduces a series of tax credits designed to bolster domestic manufacturers. For solar modules, the credits are as follows: