According to Bloomberg, as oversupply of photovoltaic modules has driven down prices worldwide and threatened the domestic photovoltaic manufacturing industry in the United States, some U.S. photovoltaic manufacturers have filed a new tariff petition to restrict imports of photovoltaic products from Vietnam, Malaysia, Thailand and Cambodia, a measure that will affect the domestic photovoltaic production and prosperity of these countries.
These U.S. photovoltaic manufacturers are targeting the Southeast Asian photovoltaic supply chain. Depending on the country of origin, the proposed tariff rates range from 70% to 271%, which will be applied on top of the existing anti-circumvention tariffs that are scheduled to be re-imposed in June.
If the U.S. Department of Commerce chooses to conduct an investigation, the final tariffs may be approved at some point between the end of 2024 and June 2025. However, the final tariffs imposed on manufacturers who choose to participate in the investigation are expected to be between 30% and 50%.
The new tariffs could increase U.S. module prices to about three times the global market price without trade barriers. This will hurt U.S. photovoltaic developers and increase the construction costs of U.S. photovoltaic projects.
If the tariff rate exceeds 30%, more cell factory announcements and financing commitments will emerge in the United States. However, the long construction period of battery cell facilities will increase their risk of being affected by market price fluctuations.
Post time: May-08-2024