US slaps high duties on solar imports from Asian countries, impacting renewable energy developers and boosting domestic manufacturers.

The United States has recently imposed high duties on solar imports from Cambodia, Vietnam, Malaysia, and Thailand, ranging up to 3,521%. This move comes in response to allegations of unfair subsidies and below-cost sales in these countries. The duties aim to support domestic solar manufacturers such as Hanwha Q Cells and First Solar. However, this decision poses a challenge for US renewable energy developers who depend on cost-effective foreign supplies. The increase in duties could potentially impact the affordability and availability of solar panels in the US market. This development underscores the ongoing trade tensions between the US and several Asian countries in the renewable energy sector. It remains to be seen how these new duties will shape the dynamics of the solar industry in the US and its relationship with key Asian suppliers.

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