Up to 364%! The United States plans to raise tariffs on photovoltaic imports from Chinese owned factories in Vietnam

PV Magazine News: Recently, the US Department of Commerce has determined that China provides subsidies to photovoltaic companies that set up factories in Vietnam, and has decided to significantly increase tariffs on Chinese photovoltaic products imported from Vietnam. The comprehensive tax rate for some companies may exceed 360%, and the final determination by the US International Trade Commission is still needed.

The latest anti subsidy tariff adjustment by the US Department of Commerce on Vietnamese photovoltaic products is based on the preliminary ruling in December 2024. According to Wiley Rein, a Washington law firm, the tax rates for each enterprise are as follows:

In a trade investigation, the US Department of Commerce determined that the Chinese government provided core raw materials such as silicon wafers and photovoltaic glass to Chinese companies setting up factories in Vietnam at prices lower than the market, which constituted unfair government subsidies. On April 24th last year, seven American solar manufacturers filed a trade lawsuit accusing Chinese companies with factories in four Southeast Asian countries of supplying large quantities of crystalline silicon photovoltaic cells and components made from these cells at prices lower than production costs to the US market.

At present, these new tariffs have not officially come into effect. The US Department of Commerce is expected to make a final ruling on anti subsidy and anti-dumping measures on April 18th.