Business Standard

US to exempt tariffs on solar panels from Southeast Asian nations: Report

Biden will issue a proclamation on Monday that will allow solar panels to be imported to the US from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs

Have a sunny rooftop? Then tap into power of the sun with a solar installation system that can help cut down your electricity bills. Credits: Adobe Stock
Premium

Reuters Washington
U.S. President Joe Biden will issue a proclamation on Monday that will allow solar panels to be imported to the United States from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs for a 24-month period, a source familiar with the matter told Reuters.
 
The action comes amid concern about the impact of the U.S. Commerce Department's months-long investigation into whether imports of solar panels from the four Southeast Asian nations are circumventing tariffs on goods made in China.

(Reporting by Jeff Mason; Editing by Kim Coghill)

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in