Southeast Asia’s solar boom threatened by US-China trade tension

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Southeast Asia’s solar boom threatened by US-China trade tension - Business Mirror

Quick Summary:

The future of Southeast Asia’s booming solar industry, which produces the most panels in the world after China, is being thrown into doubt as the US looks set to impose hefty tariffs on the region.

Some US firms are now asking Washington for further tariffs of as high as 272 percent on all solar products from the four countries, although BNEF said in May they would likely be between 30 percent and 50 percent.

Not all Chinese factories in Southeast Asia will shut down, as products from there can be shipped to India, Europe and elsewhere, according to Dennis Ip, an analyst at Daiwa Capital Markets.