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News in English (USA) / 22.04.2025 / 16:00

US Imposes Steep Tariffs on Southeast Asian Solar Imports

The United States has announced a staggering tariff of up to 3,521% on solar panels and cells imported from Southeast Asia, impacting countries like Malaysia and several others in the region. This move, aimed at countering perceived unfair trade practices, is expected to significantly affect the solar industry, raising costs for consumers and pushing some companies to explore alternative supply chains. Markets reacted with shares of several solar companies fluctuating as the ramifications of these tariffs continue to unfold. Analysts suggest this could lead to a pessimistic outlook for solar prices globally, while other US solar manufacturers may see an advantage.
The Guardian, BBC, Malaysiakini, Bloomberg.com, Seeking Alpha, CNN, Reuters, WSJ, Fortune, Solar Power World