On April 21, the Department of Commerce announced the conclusion of a year-long anti-dumping countervailing duties (AD/CVD) investigation into solar cell imports from four Southeast Asian countries, setting new tariff rates for various foreign companies nearly as high as 3500%. The move is seen as a win for domestic solar manufacturing companies seeking remedy for alleged unfair trade practices by Southeast Asian firms headquartered in China. While these rates have been determined, the tariffs will not go into effect until an affirmative vote by the International Trade Commission (USITC) in June on whether the unfair trade practices have resulted in material injury to the US solar industry.Key Insights
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