US to impose tariffs of up to 3,521% on south-east Asia solar panels

News Snapshot:

US trade officials are preparing to impose tariffs of up to 3,521% on imports of solar panels from four south-east Asian countries, while the International Energy Agency has said lessons from the energy crisis following Russia’s invasion of Ukraine had not been fully learned. The US commerce department has announced the new tariffs, targeting companies in Cambodia, Thailand, Malaysia and Vietnam, after an investigation begun a year ago when American manufacturers of solar panels accused Chinese companies of flooding the market with subsidised, cheap goods. Products from Cambodia would face the highest tariffs, of 3,521%, because its companies did not...