US Imposes 126% Tariff on Indian Solar Imports, Impacting Domestic Manufacturers

• The US imposed preliminary duties of 126% on solar imports from India, citing unfair government subsidies.
• Tariffs also target Indonesia (86-143%) and Laos (81%), escalating trade action in renewable energy supply chains.
• US authorities concluded state-backed incentives allowed producers to price modules below fair market value, harming American manufacturers.
• Indian solar panel imports to the US in 2024 were valued at $792.6 million, a nine-fold increase from 2022.
• The duties apply to solar cells made in India, not panels assembled using imported cells, limiting the impact on most Indian manufacturers.