US heavy tariffs block Chinese solar modules; HDRE cites exchange rates to reduce procurement costs
To prevent Chinese solar products from circumventing origin rules, the US Department of Commerce recently announced tariffs on solar products from Southeast Asian countries, with rates reaching as high as 3,521%. Regarding the impact of these tariffs, HD Renewable Energy (HDRE) chairman Edward Hsieh stated that since the company does not export any goods to the US, the direct effect is minimal. However, overall market fluctuations may still cause some indirect impacts.
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