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Southeast Asia's Solar Boom Threatened by US-China Trade Tension.

Southeast Asia's Solar Boom Threatened by US-China Trade Tension.

Source :
Bloomberg.com; 8/20/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

The future of Southeast Asia's solar industry is uncertain as the US plans to impose tariffs on the region. Chinese firms that have set up factories in countries like Thailand, Vietnam, and Malaysia are being accused of avoiding US import levies. These countries account for over 40% of solar module production capacity outside of China, and Chinese manufacturers are now looking for alternative markets. The US investigation last year found that some Chinese manufacturers were illegally bypassing tariffs, leading to import taxes being imposed on five companies in the region. Some US firms are now requesting further tariffs on solar products from these countries. The stricter stance from the US could jeopardize Southeast Asian production and Washington's decarbonization efforts. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179102867