Latest news with #Qcells
Mint
6 days ago
- Business
- Mint
US solar giants demand tariffs in new trade battle against India, Indonesia and Laos
Major U.S. solar companies First Solar, Qcells, Talon PV, and Mission Solar formally asked the U.S. Commerce Department to impose heavy fees on solar panel imports from Indonesia, India, and Laos. Their July 11 petition claims manufacturers in these countries sell panels below fair value, a practice called 'dumping', while receiving illegal government subsidies. The group, called the Alliance for American Solar Manufacturing and Trade, previously won similar tariffs against Malaysia, Cambodia, Vietnam, and Thailand earlier this year. The alliance argues manufacturers simply relocated from tariff-hit Southeast Asian nations to Indonesia and Laos to continue 'flooding the U.S. market with artificially cheap panels'. Indian producers face fresh accusations of using government aid to undercut American prices by 40-60%. "These countries became the next dumping grounds after our last victory," said alliance lawyer Tim Brightbill. Commerce Department data shows imports from the three targeted nations surged 78% in Q1 2024 as other Asian supplies dropped. Domestic producers warn new tariffs are essential to protect $20+ billion in recent U.S. factory investments. First Solar is expanding Ohio production while Qcells builds a $2.5 billion Georgia supply chain, projects creating 8,000 jobs. Without tariffs, they argue Chinese-backed companies will 'crush American solar manufacturing before it scales up'. The petition specifically names eight foreign producers, including Laos' SunKing and India's Waaree Energies. Asian governments and climate advocates oppose the tariffs, warning they could raise U.S. solar prices by 30% and slow clean energy adoption. The US Commerce Department must decide by August 12 whether to investigate. The move tests the White House' balancing act between supporting domestic manufacturing and keeping solar affordable amid climate goals.
CNA
7 days ago
- Business
- CNA
US solar panel makers seek tariffs on imports from Indonesia, India, Laos
A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency web site. The petition is the latest effort by the small U.S. solar manufacturing industry to seek trade relief to protect billions of dollars of investment and compete with goods produced mainly by Chinese companies overseas. The Alliance for American Solar Manufacturing and Trade, which filed the petition, includes First Solar, Hanwha's Qcells, Talon PV and Mission Solar. The group has succeeded previously in winning tariffs on imports from countries in Southeast Asia including Malaysia, Cambodia, Vietnam and Thailand. Those tariffs were finalized earlier this year, prompting some global producers to shift production to Indonesia and Laos. The alliance accuses Indian manufacturers, too, of dumping cheap goods in the United States to undercut domestic producers.
CNA
7 days ago
- Business
- CNA
US solar panel makers seek tariffs on imports from Indonesia, India and Laos
A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency we site. The petition is the latest effort by the small U.S. solar manufacturing industry to seek trade relief to protect billions of dollars of investment and compete with goods produced mainly by Chinese companies overseas. The Alliance for American Solar Manufacturing and Trade, which filed the petition, includes First Solar, Hanwha's Qcells, Talon PV and Mission Solar.
Reuters
7 days ago
- Business
- Reuters
US solar panel makers seek tariffs on imports from Indonesia, India and Laos
July 17 (Reuters) - A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency we site. The petition is the latest effort by the small U.S. solar manufacturing industry to seek trade relief to protect billions of dollars of investment and compete with goods produced mainly by Chinese companies overseas. The Alliance for American Solar Manufacturing and Trade, which filed the petition, includes First Solar (FSLR.O), opens new tab, Hanwha's ( opens new tab Qcells, Talon PV and Mission Solar.
Bloomberg
7 days ago
- Business
- Bloomberg
US Solar Makers File Trade Petition Against India, Indonesia
US solar manufacturers said they have filed new trade petitions against India, Indonesia and Laos that allege illegal practices by largely Chinese-owned companies operating in those countries. 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 said it had identified alleged illegal subsidies and dumping margins in the three Asian countries.
