Caixin
Jun 08, 2022 08:13 PM
BUSINESS

Biden’s Southeast Asia Solar Tariff Reprieve a Bright Spot for Chinese Producers

China’s major photovoltaic (PV) producers may see a surge in their exports, analysts said, after U.S. President Joe Biden ordered a temporary halt to tariffs on Southeast Asian solar suppliers, many of which are backed by Chinese companies.

In a Monday statement the White House described as an “emergency declaration,” Biden said that solar cells and modules from Cambodia, Malaysia, Thailand, and Vietnam will be given a two-year reprieve from any tariffs, as the U.S. seeks to fix “threats to the availability of sufficient electricity generation capacity to meet expected customer demand.”

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