US imposes new tariffs of up to 3,521% on solar imports from 4 Southeast Asian countries
The proposed levies - targeting companies in Cambodia, Thailand, Malaysia and Vietnam - are in response to allegations of subsidies from China & the dumping of unfairly cheap products in the US market.
A separate US govt agency, the International Trade Commission, is due to reach a final decision on the new tariffs in June.
Cambodia face the highest duties of 3,521% because of what was seen as a lack of cooperation with the Commerce Dept investigation.
Products made in Malaysia by Chinese manufacturer $JKS faced some of the lowest duties of just over 41%.
Another China-based firm, Trina Solar, faces tariffs of 375% for the products it makes in Thailand.
$FSLR $TSLA $RAYS $TAN
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