Oil / Commodities - Auxin Solar is asking the U.S. Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges that solar imports use parts or components from China, and producers are assembling equipment in the SEA nations as a way of skirting duties. Tariffs on Chinese solar products were first imposed in 2012 while President Joe Biden’s administration last year banned solar equipment using raw materials originally from China-based Hoshine Silicon Industry in an effort to confront alleged human rights abuses in the Xinjiang region. U.S. renewable power advocates have warned that expanded trade barriers threaten to slow the energy transition and solar installations inside the country. Chinese firms currently dominate the manufacturing of photovoltaic panels, which is a multi-step process often done in separate factories that can be located in different provinces or even countries. Several suppliers have opened plants in other nations in recent years for the last stage of assembling the solar modules.
Newsletter - February 9, 2022
Newsletter - February 9, 2022
Newsletter - February 9, 2022
Oil / Commodities - Auxin Solar is asking the U.S. Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges that solar imports use parts or components from China, and producers are assembling equipment in the SEA nations as a way of skirting duties. Tariffs on Chinese solar products were first imposed in 2012 while President Joe Biden’s administration last year banned solar equipment using raw materials originally from China-based Hoshine Silicon Industry in an effort to confront alleged human rights abuses in the Xinjiang region. U.S. renewable power advocates have warned that expanded trade barriers threaten to slow the energy transition and solar installations inside the country. Chinese firms currently dominate the manufacturing of photovoltaic panels, which is a multi-step process often done in separate factories that can be located in different provinces or even countries. Several suppliers have opened plants in other nations in recent years for the last stage of assembling the solar modules.