Tariffs introduced to imported solar cells and modules have caused “devastating harm” to the US solar industry, new analysis compiled by the Solar Energy Industries Association has claimed.
Latest trade challenge will hurt Indian solar exports but local content mandates could offer major sales opportunities within India, manufacturer and analyst tell PV Tech.
South Korea has requested consultations with the US government over its newly announced solar import tariffs, threatening legal action at the World Trade Organization (WTO) if the dispute is not resolved, according to documents filed at the WTO.
The Trump administration's 30% tariff on imports of solar cells and modules will result in modules cost increases of 9-10¢/W in year one, reducing to 3-4¢/W in year four, according to separate analyses by GTM Research and Deutsche Bank.
The Solar Energy Industries Association (SEIA) has sent a plea to president Trump asking him to preserve tens of thousands of US solar jobs by not imposing high tariffs on imported solar panels, while Trump himself has indicated that he will make a decision on the Section 201 Case soon.