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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
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Asia

The U.S. slaps even more tariffs on Southeast Asia, as solar panels get antidumping duties that go as high as 3,521%

By
Lionel Lim
Lionel Lim
Asia Reporter
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By
Lionel Lim
Lionel Lim
Asia Reporter
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April 22, 2025, 2:35 AM ET
A machine etches solar cells at the Hanwha Qcells solar cell and module manufacturing facility in Dalton, Ga., on Oct. 6, 2022.
A machine etches solar cells at the Hanwha Qcells solar cell and module manufacturing facility in Dalton, Ga., on Oct. 6, 2022.Elijah Nouvelage—Bloomberg/Getty Images

If you think a 25% tariff is bad, what about a tariff that goes past 3,500%?

On Monday, the U.S. Department of Commerce slapped high tariffs on solar panels and their related products coming from four Southeast Asian countries, Malaysia, Vietnam, Thailand, and Cambodia, accusing manufacturers there of dumping products on the U.S. market. The announcement ends a yearlong trade probe initiated under the Biden administration. 

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Tariff levels varied wildly between different countries and manufacturers. Solar cells made in Malaysia by Korean company Hanwha only got a tariff of 14.64%, the lowest imposed.

In contrast, four manufacturers in Cambodia—Hounen Solar, Jintek Photovoltaic, ISC Cambodia, and Solar Long PV Tech—got tariffs of 3,521.14%. The Southeast Asian country stopped cooperating with the U.S. probe, leading to such high penalties. 

The U.S. International Trade Commission will make a final determination on tariff rates on June 2.

U.S. solar manufacturers, as well as foreign companies that invested in U.S.-based manufacturing, lobbied for antidumping tariffs on Southeast Asian manufacturers, accusing them of pricing their products below production cost. The American Alliance for Solar Manufacturing Trade Committee also argued that Southeast Asian companies received an unfair level of subsidies, making U.S.-made solar panels uncompetitive. 

Chinese-owned solar manufacturing facilities have popped up across Southeast Asia as companies sought to navigate U.S.-China trade frictions.

While Cambodia is still primarily an agrarian economy, solar panels were the Southeast Asian country’s top export to the U.S. last year, according to data from consultancy Oxford Economics.

In total, the U.S. imported $12.9 billion worth of solar equipment from the four countries targeted by Monday’s tariffs, representing about 77% of module imports, according to Bloomberg data.

In a statement on Monday, the Alliance called the Commerce Department’s final tariff recommendation a “decisive victory” for American manufacturing.

“Enforcing our trade laws isn’t just a legal matter—it’s essential to rebuilding our industrial base, securing our energy independence, and protecting American jobs,” Tim Brightbill, cochair of Wiley’s international trade practice and lead counsel to the group, said in a statement.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By Lionel LimAsia Reporter
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Lionel Lim is a Singapore-based reporter covering the Asia-Pacific region.

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