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Investing.com -- U.S. trade officials have concluded setting tariff rates on imported solar cells and panels from Southeast Asia. The move is seen as a crucial phase in resolving a year-long trade dispute, initiated by U.S. manufacturers. These manufacturers allege that their international competitors are saturating the market with goods priced unfairly low.
The U.S. Commerce Department revealed the tariff details on its website on Monday. The department has determined dumping duties ranging from 6.1% to 271.28%, the exact rate depending on the company and its home country. In addition, anti-subsidy countervailing duties were set between 14.64% and 3,403.96%. The decision affects solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam.
The ruling could influence the performance of certain stocks. JinkoSolar (NYSE:JKS) is one company that may be affected by this decision. On the other hand, the news could potentially be favorable for FirstSolar.
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