America to Slap 3,521% Tariff on Solar Energy Panels Made in Southeast Asia
The United States government is taking steps to protect its domestic solar equipment industry from being overwhelmed by major players from East Asia. Over the past decade, countries in East Asia have significantly boosted solar panel output, becoming some of the largest producers in the world. With the U.S. planning a major transition to renewables, their dominance threatens the survival of America's domestic solar industry. As a response, the U.S. Commerce Department has announced plans to impose import tariffs reaching a maximum of 3,521% on all solar panels originating from four Southeast Asian countries. The announcement follows a year-long investigation…
