US imposes preliminary 126% tariffs on solar imports from India

RIYADH: The administration of US President Donald Trump has imposed preliminary tariffs of up to 146 percent on solar panels imported from India, Indonesia, and Laos, after concluding that these countries provided unfair support to their manufacturing sectors. The move is expected to benefit US producers, but in turn, could raise costs for consumers, according to Bloomberg. The US Department of Commerce said on Feb. 24 that the tariff rates reflect the level of support provided, at 126 percent on imports from India, between 86 percent and 143 percent on Indonesia, and 81 percent on Laos.

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