🚨🇮🇩INDONESIA #EMERGES AS #SOLAR HUB AMID US-CHINA TRADE W

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🚨🇮🇩INDONESIA #EMERGES AS #SOLAR HUB AMID US-CHINA TRADE WAR
🔹US Tariffs Impact: High #tariffs (up to 3,500%) on solar products from Southeast Asia push Chinese firms to relocate to Indonesia.
🔹Investment Surge: At least 4 new solar projects, targeting 22.9 GW capacity, linked to Chinese companies are underway.
🔹Government Support: Indonesia offers incentives, including relaxed local sourcing rules, to attract investment.
🔹Risks Ahead: Potential extension of US tariffs could disrupt Indonesia's solar ambitions.
-SCMP, May 2, 2025

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🚨🇺🇸⚡ MASSIVE SOLAR #TARIFFS : US HITS SOUTHEAST ASIA WITH DUTIES UP TO 3,521%

The US slaps tariffs on #solar imports from Cambodia, Vietnam, Malaysia & Thailand.

🔹Reason: Alleged unfair subsidies & below-cost pricing.

🔴Highest duties:
Cambodia🇰🇭(3,521%),
Vietnam🇻🇳(395.9%)
Thailand🇹🇭(375.2%)
Malaysia🇲🇾(34.4%).

🔹Winners: US manufacturers like First Solar & Hanwha Q Cells.

🔹 Losers: US renewable developers facing rising costs & supply uncertainty.

🔹Companies shift ops to Indonesia, Laos, Oman to dodge tariffs.

🔹Final ruling pending from US International Trade Commission next month.

-Bloomberg via The Business Standard

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