US hits Southeast Asian solar imports with duties up to 271%

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The story "US hits Southeast Asian solar imports with duties up to 271%" was covered 3 weeks ago by Business Mirror, a news publisher based in Philippines.

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US hits Southeast Asian solar imports with duties up to 271% - Business Mirror

Quick Summary:

Solar imports from Southeast Asia are being unfairly sold in the United States below their production costs, according to initial findings of a Commerce Department review that laid out duties of as much as 271 percent to counteract the practice.

Shares of First Solar rose as much as 3.8 percent after the announcement, while JinkoSolar’s US depository receipts fell as much as 2.9 percent.

At issue are imports of crystalline silicon photovoltaic cells—and modules made with them—from Cambodia, Malaysia, Thailand and Vietnam, countries which provide the bulk of US supply of that equipment today.