Why China will benefit from US removal of PV tariffs in Southeast Asia – BBC News

June 10, 2022

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More than 60% of the world’s solar panels are made in China. On June 6, the White House of the United States issued a statement to provide a 24-month exemption period for import tariffs on photovoltaic cell modules in Thailand, Malaysia, Cambodia and Vietnam.

On June 6, the White House of the United States issued a statement to provide a 24-month exemption period for import tariffs on photovoltaic cell modules in Thailand, Malaysia, Cambodia and Vietnam.

At this time, the United States is facing a shortage of photovoltaic modules, and some projects may be delayed or suspended, thus affecting the country’s overall clean energy progress. In addition, U.S. inflation remains high, fueling discussions of removing tariffs.

Analysts believe that most of the photovoltaic module production in the above-mentioned four countries are Chinese companies. This move reflects the high dependence of American photovoltaics on China’s supply chain and is beneficial to China’s photovoltaic industry.

At the same time, there has been a heated discussion within the U.S. government over whether to retain tariffs on China. Supporters, including U.S. Treasury Secretary Yellen, believe that it is necessary to remove tariffs to reduce inflation; opponents, including Trade Representative Dai Qi, believe that The reasons for the formation of inflation are complicated, and the removal of tariffs will make the US lose the bargaining chip with China.

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