According to a report by Yi Cai, on April 21, the US Department of Commerce announced its final tariff rates for antidumping (AD) and countervailing duties (CVD) on crystalline silicon photovoltaic cells (whether assembled into modules or not) imported from Cambodia, Malaysia, Thailand, and Vietnam. Certain Cambodian producers were hit with countervailing duties as high as 3,403.96%, while Vietnam-Wide Entity faces an antidumping duty of 271.28%.
As reported by Bloomberg, the decision comes after a year-long trade investigation. The probe concluded that solar manufacturers in Cambodia, Vietnam, Thailand, and Malaysia unfairly benefited from government subsidies and exported products to the US at prices below production costs. The final dumping margins were determined as follows: Cambodia (125.37%), Vietnam (271.28%), Thailand (111.45%), and Malaysia (8.59%). Many of the final subsidy rates were higher than the preliminary findings.
Cambodia's solar manufacturers chose not to cooperate with the US investigation, resulting in an effective tariff rate of nearly 3,500% on their solar products.
This investigation was initiated last year by companies including South Korea-based Hanwha Q CELLS, Arizona-headquartered First Solar, and several smaller manufacturers. It aimed to protect their multibillion-dollar investments in the US solar manufacturing industry.
Related News:
US daily tariff revenue falls far short of Trump's claims: Just one-eighth of touted amount
Comment