US accuses Chinese companies of evading solar panel tariffs

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

WASHINGTON, United States– Several Chinese manufacturers of solar panels have been shipping their products through third countries including Thailand and Vietnam to circumvent US tariffs, the Commerce Department announced Friday.

Several Chinese manufacturers of solar panels have been shipping their products through third countries including Thailand and Vietnam to circumvent US tariffs, the Commerce Department announced Friday.

"Commerce found that five companies were attempting to avoid the payment of US duties by completing minor processing in third countries," the Commerce Department said in a statement.In 2022, the White House suspended tariffs for two years on solar panel imports from Cambodia, Malaysia, Thailand and Vietnam -- but not China -- in order to ensure the United States has access to the relevant parts to build up its domestic solar industry.

On Friday, the Commerce Department announced that"certain unexamined companies" were also found to be circumventing the White House order, and that three firms initially suspected of engaging in the practice were found not to be doing so. The Commerce Department said its move"does not constitute a ban on imports" from Cambodia, Malaysia, Thailand and Vietnam, adding that the companies identified could still follow a process to certify that they were not circumventing the order.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US mortgage rate hits highest level in 21 years as market reelsWASHINGTON, United States—Mortgage rates in the United States have surged to the highest since 2002, said a home loan finance
Source: MlaStandard - 🏆 20. / 55 Read more »