Is China bypassing US tariffs on solar panels?
2022.12.05 00:47
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Is China bypassing US tariffs on solar panels?
Budrigannews.com – After the discovery of the US from evading the tariff, the Chinese company LONGI Green Energy Technologies Co. Ltd on Monday said it would provide evidence of compliance with its US laws. On Friday, representatives of the Chamber of Commerce said that the United States will impose a new duty on imports of solar panels from Longi and three Chinese companies.
This was due to the fact that in the preliminary conclusions that were made last week, the company tried to avoid tariff increases, and also by finishing products in Southeast Asian countries, the company tried to avoid tariff increases.
“Over the next few months, the United States will conduct an on-site audit to confirm the legality of these investigations. In this period, we are actually presenting evidence showing that we are following the rules of the US currency exchange, and not evading,” Longi said in his explanation to Reuters.
BYD Company, Canadian Solar and LLC Trina Solar CO. Ltd NASDAQ: The preliminary estimate also indicates Inc, but the company did not immediately respond to a request for comment.
Chinese firms will pay duties on products manufactured in the Malaysian, Cambodian, Thai, Vietnamese countries, if the US finally makes a final decision next year. This year, the two-year waiver announced by US President George Biden, the duties will not take effect in June 2024. LONGI announced that she is expanding the main design of her tasks worldwide, including work on her production and production network in the American market.
It says: “The company’s medium- and long-term plans in the American market will not be affected by the final results.”
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