US tariffs to hit local PV companies

Tariff impact: A worker installing a solar panel system on the roof of a home in Palmetto Bay, Florida. Malaysia is the largest PV exporter to the United States with a market share of 30 of US PV imports. — AFP

KUALA LUMPUR: Malaysia, which is the largest photovoltaic (PV) exporter to the United States with a market share of 30% of US PV imports, will be impacted by America’s move to slap tariffs on imports of PV cells and modules for four years.

CIMB Economic Research said PV exports to the US accounted for 1.1% of Malaysia’s total exports in 2016.