Hebei PV industry will face the US "upgraded version" countervailing duty

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The US government’s “double-reverse” containment campaign against Chinese PV manufacturers has not yet subsided. A US Department of Commerce spokesman recently announced that Chinese PV companies have already received more additional government subsidies, so they will consider raising the countervailing duty rate again. Hebei PV manufacturers will face a higher countervailing duty of 3.6% than the first. So far, the US Department of Commerce has announced anti-dumping and countervailing duty rates for solar photovoltaic cells and battery components exported from China to the United States. Most Chinese companies will face a total of 35% of “double-reverse” punitive tariffs, Chinese companies. Basically faced with exiting the US market. On March 20th, the countervailing duty rate announced by the United States was: 2.9% of Wuxi Suntech Power was imposed as a mandatory respondent, and Changzhou Trina Solar was levied 4.73%. Other Chinese manufacturers including Yingli and Jingao will face 3.59% countervailing duty. US Department of Commerce spokesman Tim Chuman recently told the US media that in the recent survey, the Ministry of Commerce found that Chinese PV companies have also received other government subsidy programs, and the Ministry of Commerce will revise the preliminary tax rate for countervailing duties. According to an internal document of the US Department of Commerce on June 22, the countervailing duty of Wuxi Suntech Power will increase from 2.9% to 3.44%, and Changzhou Trina Solar will increase from 4.73% to 5.81% due to other Chinese PV exports. The countervailing duty faced by the merchants is calculated based on the average value of Wuxi Suntech and Trina Solar. Therefore, Hebei PV companies such as Yingli and Jingao will also face higher countervailing duties.

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