Source: Bloomberg
Author: Jennifer a Dlouhy
The U.S. Department of Commerce finally determined that some Chinese manufacturers illegally evaded tariffs by assembling solar devices in other Asian countries.This 17 -month survey will eventually usher in a climax that may have a far -reaching impact of tens of billions of dollars in trade.
The ministry has previously identified that exporters located in Cambodia, Malaysia, Thailand and Vietnam are avoiding these tariffs that have been implemented for about 10 years and aims to offset China's unfair pricing and subsidies.This conclusion may make some manufacturers of the target country face up to 254%of anti -dumping and anti -subsidy tariffs from June next year.
Although the Ministry of Commerce's final ruling on some countries and companies may change, trading experts claim that it is unlikely to completely overthrow the previous conclusions.
ClearView Energy Partners Analyst Timothy Fox said: "We have long believed that the Ministry of Commerce is a protective institution, and it rarely deviates sharply from the preliminary results."
The final determination of the avoidance may accelerate the decourse of renewable energy developers on the supply chain.China's key solar equipment manufacturers have faced allegations to use forced labor, and the United States has legislative demanding imported products related to Xinjiang.For companies such as First Solar Inc. and Qcells North America are expanding US production capacity, the final ruling may bring the gospel.
