Chinese solar firms, ever-nimble, go further afield where US tariffs don't reach

Quick Summary:

Some of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S.trade tariffs targeting it and three other Southeast Asian countries.

In August, Reuters visited industrial parks in northern Vietnam owned by Chinese-owned companies including Longi and Trina Solar, and spoke with workers.

America's imports of solar supplies, meanwhile, have tripled since Washington began imposing its tariffs in 2012, hitting a record $15 billion last year, according to federal data.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCambodiaChinaIndonesiaLaosMalaysiaSaudi ArabiaThailandUnited StatesVietnam

Topics: Chinese Year Production China Vietnam Capacity Laos Reuters Companies Solar Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 09:14:42 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1427 words

Reading Time: 8 minutes read

Sentences: 60 lines

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Copyright Owner: © Channel News Asia

News ID: 23387173

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