In a recent press conference, U.S. Treasury Secretary Janet Yellen hinted at measures to protect domestic solar manufacturing. Yellen mentioned the Inflation Reduction Act (IRA) when speaking to reporters about the government’s plan to reduce its overwhelming reliance on China for clean energy supplies. “So, we are trying to cultivate industries such as solar cells, electric batteries, electric vehicles, etc., and we think China’s large-scale investment is actually creating some overcapacity in these areas. So we are investing in these industries and some of them,” she said. Industry provides tax subsidies.”
Although there is no official news yet, RothMKM analysts predict that new anti-dumping and countervailing duty (AD/CVD) cases may be filed after April 25, 2024, which is the new AD/CVD by the U.S. Department of Commerce (DOC) The date the regulation takes effect. The new rules may include increased anti-dumping duties. AD/CVD regulations are expected to cover four Southeast Asian countries: Vietnam, Cambodia, Malaysia and Thailand.
In addition, Philip Shen of RothMKM said that India may also be included.
Post time: Apr-12-2024
