Southeast Asia's solar industry boom threatened by US-China trade tensions

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Southeast Asia's solar industry boom threatened by US-China trade tensions - Business Standard

Quick Summary:

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

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.

The uncertainty underscores broader turbulence in clean energy supply chains as the US, Europe and others seek to claw back some market share from China, which dominates the production of solar equipment as well as electric vehicle batteries.