U.S. Imposes Massive Tariffs on Southeast Asian Solar Panels, Potential Impacts Ripple Through Global Industry

The United States has imposed severe tariffs of up to 3,521% on solar panels imported from Southeast Asia, a move with far-reaching implications for the global renewable energy sector. The decision, announced on Tuesday, aims to address allegations of unfair subsidies and dumping. This action targets Vietnam, Thailand, and Malaysia, key suppliers of solar panels to the U.S., following months of investigation. Reactions are mixed, ranging from concerns about increased costs and supply shortages to potential boosts for domestic production.