US sets initial duties on Indian solar imports at 126%

(Bloomberg) — The Trump administration set preliminary duties — as high as 143% — on solar imports from India, Indonesia and Laos after determining the countries unfairly subsidized manufacturing, a move that will likely benefit US producers but threatens to increase consumer costs.

The US Commerce Department said Tuesday the duties correspond to the subsidies: 126% for India, 86% to 143% for Indonesia and 81% for Laos. The subsidies allow foreign producers to sell exports to the US at rates lower than the cost of production, hurting domestic producers, the US argues.