Forbes Article – Department of Commerce Decision Puts Fate of U.S. Solar Industry in Jeopardy
By George Strobel, Forbes Financial Council Member
On March 28, in a decision that would put the U.S. solar industry on hold, the U.S. Department of Commerce initiated an anti-dumping investigation into imports of solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam in response to a petition from a small California solar panel manufacturer, Auxin Solar. The investigation could result in tariffs of up to 250% on imports from these four countries, which account for more than 80% of all U.S. solar module imports. These tariffs could cripple solar deployment, threaten tens of thousands of U.S. jobs and make it virtually impossible for the Biden administration to meet its climate goals.
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