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US Solar firms file trade petition against India over cheap imports
The new anti-dumping and countervailing duty petitions were filed by the Alliance for American Solar Manufacturing and Trade, which includes First Solar Inc., Mission Solar Energy and Qcells. The trade group alleges China is flooding the market with unfairly cheap goods made in factories in the three Asian countries.
First Solar shares rose as much as 5.4 per cent.
The latest trade case adds new uncertainty to a US solar industry hit by tariffs and moves by President Donald Trump to arrest the growth of renewables. It also comes after the US slapped new duties on equipment made in Malaysia, Thailand, Vietnam and Cambodia.
The US has seen a massive shift in its solar supply chain after a years-long investigation into tariff circumvention led to higher duties on solar equipment from the recently tariffed former top suppliers in Southeast Asia.
As shipments from those nations shrank, Indonesia and Laos filled the gap. The two countries accounted for 44 per cent of US cell and module imports in May, up from 1.9per cent in the same month last year, according to data from BloombergNEF. India has also seen solar exports to the US rise since mid-2022.
The trade petition triggers a process in which the US Department of Commerce investigates whether imports are unfairly priced or subsidized by a foreign government, while the US ITC determines whether those imports have injured the domestic industry. If successful, the cases could result in new duties.
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