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Monday, April 29, 2024

Biden to exempt tariffs on solar panels from Thailand for 24 months

Thailand shipped US$1.07 billion worth of solar cells to the United States last year, making up 49% of the country’s total solar cell exports. (Photo: Industry Ministry)

WASHINGTON: US 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 US 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.

Biden also will invoke the Defense Production Act to drive US…

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