The Biden administration found widespread flouting of trade laws by the world's biggest solar manufacturers amid an investigation that has rattled the industry.
6 min read
The findings come despite large solar industry groups and many lawmakers aggressively lobbying Commerce Secretary Gina Raimondo to drop the investigation. Dozens of solar companies in the United States blame the probe for price spikes and panel shortages in the spring and summer. They warn that this stepping up of enforcement will inhibit growth and undermine the president's goal of further driving down the cost of solar energy.
Federal investigators found ample evidence supporting allegations that Chinese firms are dumping heavily government-subsidized solar components into the American market. They are focused on the role of Malaysia, Thailand, Vietnam and Cambodia as conduits for such Chinese materials. Federal investigators are now headed to Southeast Asia to verify their findings, a step largely considered a formality.
Other companies, though, were found by the investigation to be directly connected to the Chinese Communist Party and face tariffs of more than 250 percent. Those companies include Trina Solar, which is operating out of Thailand, and Vina Solar, which is shipping from Vietnam. Months before the department issued its latest findings, the investigation had already sent the American solar industry into turmoil, as firms worried they would be hit with steep retroactive penalties that could add up to 50 percent the cost of panels.
But he said the United States still has a long way to go before it can become a major player in certain areas of the solar supply chain.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
United States to end mpox emergency declarationMpox is expected to no longer be considered a public health emergency in the U.S. from Feb. 1, 2023.
Weiterlesen »
United States vs. Netherlands: World Cup Round of 16 scores, updatesThe first knockout-round games are upon us.
Weiterlesen »
World Cup: United States’ dream ends in loss to NetherlandsThe Americans can’t overcome two first-half goals as the Dutch move on to the quarterfinals with a 3-1 victory
Weiterlesen »
United States vs. Netherlands prediction: World Cup picks, oddsThe United States men’s national team has a golden opportunity on Saturday morning in the World Cup.
Weiterlesen »
Gold Price Forecast: XAU/USD approaches $1,807 hurdle ahead of United States Nonfarm PayrollsGold price (XAU/USD) refreshed a four-month high above $1,800 before taking rounds to $1,805-07 during early Friday morning in Asia. In doing so, the
Weiterlesen »
Biden open to talks with Putin about ending Ukraine war as US, France show united frontPresident Joe Biden signals willingness to talk with Vladimir Putin about ending war in Ukraine during French president Emmanuel Macron's U.S. visit.
Weiterlesen »