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Bangkok Post
Bangkok Post
Business

Biden to exempt tariffs on solar panels from Thailand for 24 months

Thailand shipped US$1.07 billion worth of solar cells to the United States last year, making up 49% of the country's total solar cell exports. (Photo: Industry Ministry)

WASHINGTON: US President Joe Biden will issue a proclamation on Monday that will allow solar panels to be imported to the United States from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs for a 24-month period, a source familiar with the matter told Reuters.

The action comes amid concern about the impact of the US Commerce Department's months-long investigation into whether imports of solar panels from the four Southeast Asian nations are circumventing tariffs on goods made in China.

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