US sets initial duties on Indian solar imports at 126%

In a significant move impacting trade relations, the Trump administration has imposed preliminary duties of 126% on solar imports from India. This decision follows an investigation that concluded India provided unfair subsidies to its solar manufacturing sector, thus distorting competition in the international market. The imposition of such high tariffs is expected to have considerable ramifications for India's burgeoning solar industry, which has been a focal point of the country's renewable energy strategy. The Indian government and industry stakeholders have expressed concerns over these tariffs, arguing that they could hinder India's progress towards achieving its solar power targets. The U.S. has been actively reviewing its trade policies concerning solar equipment, as part of a broader effort to protect domestic manufacturers. This move highlights ongoing tensions in international trade, particularly in sectors crucial for combating climate change. The Indian solar market, which has attracted substantial investments and support, may now face challenges in maintaining its growth trajectory amidst these developments.