The United States has imposed tariffs of up to 3,521% on solar import products from Cambodia, Vietnam, Malaysia, and Thailand. This tariff implementation follows a year-long investigation that found Chinese companies circumventing tariffs on domestic products by setting up factories in the aforementioned countries, exporting solar products to the U.S. at prices below cost and benefiting from government subsidies.

Among them, Cambodia faces the highest tariff of 3,521% for not cooperating with the investigation. Some companies in Vietnam and Thailand, such as Trina Solar and Jinko Solar, face tariffs of up to 395.9% and 375.2%, respectively. Jinko Solar products from Malaysia are subject to approximately 41% tariffs.

Last year, these four countries supplied solar equipment worth $12.9 billion to the U.S., accounting for 77% of total module imports. Additionally, it is worth mentioning that this investigation began during the Biden administration, while the results were executed under Trump.

Since this is a high tariff on a single project, the overall impact on the risk market and the U.S. stock market is not significant.

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