US Imposes Preliminary 126% Duties on Indian Solar Imports Over Subsidy Concerns

The US Commerce Department has imposed preliminary countervailing duties of 126% on solar imports from India, citing unfair government subsidies that allegedly allowed Indian exporters to undercut US manufacturers. Similar duties ranging from 86% to 143% were set for Indonesia and 81% for Laos. These measures aim to protect domestic producers but may increase costs for US consumers and complicate trade relations, especially following a recent India-US trade deal. Indian solar stocks like Waaree Energies and Premier Energies have seen significant market impact due to these tariffs.