U.S. to Impose Tariffs on Chinese Solar Products

Last year, some U.S.-based solar manufacturers filed a complaint, leading the U.S. Commerce Department to conclude that Chinese solar panel manufacturers received unfair subsidies from the Chinese government. Consequently, Chinese solar products were priced artificially low, giving them a competitive advantage in the global market. To address this issue, the U.S. government will be imposing a tariff on Chinese solar products ranging from 2.9% to 4.37%. The aim is to increase the prices of these products and create a fairer market for U.S. manufacturers. In here, it is worth noting that the implementation of tariffs may have an impact on… [more]