After more than a month of freezing component imports from Southeast Asia for solar projects, it is clear. The United States will introduce an exemption that will last for two years, allowing the construction of photovoltaic power plants to be completed.
Southeast Asian country faces investigation
U.S. President Joe Biden will lift tariffs on imports of solar panels from four countries in the Southeast Asian region for 24 months. These are Cambodia, Malaysia, Thailand and Vietnam. Four of these states faced a month-long investigation by the U.S. Department of Commerce. The countries faced suspicions that US tariffs were circumventing imports of Chinese goods.
Building solar panels has been delayed
Although not a particularly long time, a month was enough to significantly delay the construction of solar projects in the US. Biden’s measure means that companies from the affected countries will not have to hold billions of dollars in reserves in case they have to pay the tariffs.
Citing a well-known source close to the White House, Reuters reported. “Thanks to this time window, all solar projects that are currently under construction will be able to be safely completed,” the source told Reuters.