US sets initial duties on Indian solar imports at 126%

The Trump administration set preliminary duties of 126 per cent on solar imports from India after determining the country unfairly subsidised manufacturing. The US Commerce department also set initial levies from 86 per cent to 143 per cent for Indonesia and 81 per cent for Laos. The rates are based on a determination of foreign subsidies that the US says allowed exporters from the countries to undercut products from domestic solar producers.While the duties aim to benefit domestic manufacturers, they heigh ...