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The United States proposed a 10% tax on China's photovoltaic inverters, AC modules and non-lithium batteries.

The United States proposed a 10% tax on China's photovoltaic inverters, AC modules and non-lithium batteries.

Release time:

2018-07-17 13:11

According to pv-magazine reports, as the trade war escalates, photovoltaic inverters, solar panels with micro-inverters, and battery storage products that use chemicals other than lithium-ion may be the latest victims. For months, Chinese inverter makers have been nervously watching as the trade war between the United States and China escalates. On the evening of July 10, the United States announced that it would impose a 10% tariff on an additional $200 billion of Chinese goods and published a nearly 200-page list involving more than 6000 kinds of goods in retaliation for China's exports to the United States of up to $50 billion. While the list focuses on many agricultural and chemical products and raw materials, it also includes inverters (8504.40.95), AC components (solar panels with micro-inverters)(8501.61.00) and battery storage products that use lithium-ion chemistry, according to trade lawyer John Smirnow. These tariffs are proposed under Section 301. Section 301 of the U.S. Trade Law allows the President to impose legal sources of trade sanctions against other countries that violate trade agreements or implement other unfair trade practices in their trade with the United States. Section 301 investigations can be initiated by the U.S. Trade Representative on application or ex officio. As in previous rounds of Section 301, the tariffs will enter the review process before being finalized. Crystalline silicon solar cells and modules are currently undergoing such a review.
A new round of tariff proposal hearings will be held from August 20 to 23. The deadline for submitting applications for this hearing is July 27, and written testimony will be closed on August 17. Since the introduction of China's "531" New Deal, affected by the cooling of the market, most photovoltaic inverter companies have tilted their market share to foreign countries. Previously, some people in the industry expressed the concern that the entry of large-scale photovoltaic inverter products into foreign markets may trigger a new round of trade war. Now it seems that whether it is accidental injury or planning for a long time, once the tariff is determined, it will focus on exports to the US market. Photovoltaic inverter companies have a significant impact.
Related Background:
On June 15, 2018, the U.S. government issued a list of goods subject to additional tariffs, which will impose a 25% tariff on about $50 billion of goods imported from China, of which about $34 billion of goods will be implemented from July 6, 2018. Tariff measures will be imposed, and tariffs will be imposed on about $16 billion of goods to solicit public opinions.
At 00:01 on July 6, 2018 (12:01 on July 6, Beijing time), the United States began to impose a 25% import tariff on the first batch of 818 categories of Chinese goods worth 34 billion US dollars. In response, China also imposed a 25% import tariff on US products of the same size on the same day.
On July 10, the Office of the United States Trade Representative issued a statement that the Trump administration issued a plan to increase tariffs on $200 billion of Chinese goods. The target product list involves clothing, TV parts and refrigerators, and the additional tariffs are 10%.

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