Malaysia caught in crosshairs as US targets hefty solar tariffs on China, South East Asian countries


(Bloomberg): The future of Southeast Asia’s booming solar industry, which produces the most panels in the world after China, is being thrown into doubt as the US looks set to impose hefty tariffs on the region.

Chinese firms that set up factories there over the last decade are now being accused of skirting US import levies on their home market. At least three - including Longi Green Energy Technology Co. and Trina Solar Co. - have scaled back operations in Thailand, Vietnam and Malaysia, which, along with Cambodia, are being targeted by Washington.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

DAP special congress is part of party's internal process, says Fahmi
Sabah flood: Number of victims increased to 3,768 people at noon
Prioritise welfare of police personnel, says Dr Wan Azizah
Traffic slows on major expressways as at noon
Building tech ecosystem to help Perak SMEs compete
Woman who stabbed mother remanded seven days
Rafizi to proceed with lawsuit against Caprice over alleged defamation
Body of drowned Chinese national found
All govt agencies mobilised to assist flood victims in Sabah, says Zahid
Three more suspended in HRD Corp governance reset

Others Also Read