US Sets Initial Duties On Indian Solar Imports At 126%

The United States has imposed preliminary duties of 126% on solar imports from India, a significant increase aimed at addressing concerns over pricing and trade practices. In 2024, solar imports from India were valued at approximately $792.6 million, marking a staggering ninefold increase compared to 2022. This surge is indicative of India's growing role in the global solar supply chain, driven by competitive pricing and increasing demand for renewable energy solutions. The Commerce Department's decision reflects ongoing tensions between the U.S. and India regarding trade policies in the renewable energy sector. As the U.S. strives to bolster its domestic solar manufacturing capabilities, Indian exporters may face challenges in maintaining market access. The imposition of these duties could impact various stakeholders, from manufacturers to consumers, and may lead to a reevaluation of supply chains. This development underscores the complexities of international trade in clean energy technologies, as countries navigate their own policies while addressing global climate goals.
Originally reported by NDTV Profit. Read original article
Related Articles
BusinessOmnitech Engineering IPO Opens: 10 Key Things To Know Before You Subscribe — Read Anand Rathi's Report
Omnitech Engineering has launched its initial public offering (IPO), aiming to raise Rs 583 crore through a book-built p...
BusinessDonald Trump Misspeaks On India-Pakistan Conflict: 'Pakistan PM Would Have Died'
During his recent State of the Union address, US President Donald Trump inadvertently made a controversial statement reg...
BusinessIPO GMP Today: Omnitech Engineering vs PNGS Reva Diamond Jewellery; Check Grey Market Trends
In anticipation of their upcoming stock market debut, Omnitech Engineering and PNGS Reva Diamond Jewellery are currently...
BusinessSpiceJet Shares Sink To 10% Lower Circuit After 8.4% Equity Changed Hands
SpiceJet shares plummeted by 10%, reaching a price of Rs 12.88 per share, the lowest in over 11 years, as the market rea...