BEIJING, Dec 5 (Reuters) – Chinese language photo voltaic panel maker LONGi Inexperienced Vitality Expertise Co. Ltd ( 601012.SS ) stated on Monday it is going to present proof to point out it complies with U.S. legal guidelines after the U.S. Division of Commerce discovered it evasive. tariffs.
America will impose new duties on imports from LONGi and three different Chinese language photo voltaic panel makers, commerce officers stated Friday, after an investigation discovered a preliminary dedication that situation final week they’re making an attempt to keep away from tariffs by ending the merchandise of Southeast Asian nations. learn extra
“Subsequent, the US Division of Commerce will conduct an on-site audit within the subsequent few months to confirm the authenticity of the investigation data. Throughout this time, we are going to actively present proof displaying that we’re complying with the commerce regulation. within the US and didn’t keep away from,” LONGi stated in a press release despatched to Reuters.
BYD Co Ltd (002594.SZ), Trina Photo voltaic Co Ltd(688599.SS) and Canadian Photo voltaic Inc (CSIQ.O), which had been additionally named within the preliminary dedication, didn’t instantly reply to requests for remark.
When handed subsequent 12 months, the US determination will imply that Chinese language firms might be topic to duties on merchandise they make in Malaysia, Cambodia, Thailand and Vietnam.
The duties is not going to start till June 2024, due to a two-year waiver launched by US President Joe Biden this 12 months.
LONGi stated it’s engaged on rising the strategic structure of its world operations, together with bettering its manufacturing and provide chain for the US market.
“Whatever the last consequence, it is not going to have an effect on the medium and long-term planning of the corporate within the US market,” it stated.
Reporting by Xu Kaiwen and Dominique Patton; Enhancing by Robert Birsel
Our Requirements: The Thomson Reuters Belief Ideas.
