US imposes steep tariffs on solar products from India, Indonesia
The US just announced big new tariffs on solar panels and cells from India, Indonesia, and Laos—some as high as 125%.
This move follows a months-long investigation into government subsidies that the US says give these countries an unfair trade edge.
American manufacturers say these duties are needed to protect local jobs
Last year alone, these three countries sent $4.5 billion worth of solar products to the US—about two-thirds of all American imports.
India's exports especially shot up, with nearly all its solar modules heading to the States.
American manufacturers say these duties are needed to protect local jobs and investments from companies trying to dodge existing tariffs by rerouting through other countries.
More decisions on possible anti-dumping penalties are coming next month, so this story isn't over yet.