China’s LONGi denies circumventing U.S. tariffs on photo voltaic panels By Reuters

BEIJING (Reuters) – Chinese language photo voltaic panel maker LONGi Inexperienced Power Know-how Co. Ltd stated on Monday it’ll present proof to point out it’s complying with U.S. legal guidelines after the U.S. Division of Commerce discovered it to be circumventing tariffs.

America will impose new duties on imports from LONGi and three different Chinese language photo voltaic panel makers, commerce officers stated on Friday, after an investigation present in a preliminary willpower issued final week they had been making an attempt to dodge tariffs by ending merchandise in Southeast Asian nations.

“Subsequent, the U.S. Division of Commerce will conduct on-site audit within the subsequent few months to confirm the authenticity of the investigation data. Throughout this era, we’ll actively present proof that exhibits we’re compliant with U.S. commerce legislation and never circumventing,” LONGi stated in a press release despatched to Reuters.

BYD Co (OTC:) Ltd, Trina Photo voltaic Co Ltd and Canadian Photo voltaic (NASDAQ:) Inc, additionally named within the preliminary willpower, didn’t instantly reply to requests for remark.

If finalised subsequent 12 months, the U.S. willpower means the Chinese language corporations will likely be topic to duties on the merchandise they make in Malaysia, Cambodia, Thailand and Vietnam.

The duties is not going to come into pressure till June 2024, because of a two-year waiver launched by U.S. President Joe Biden this 12 months.

LONGi stated it was engaged on rising the strategic structure of its international operations, together with bettering its manufacturing and provide chain for the U.S. market.

“It doesn’t matter what the ultimate result’s, it is not going to have an effect on the corporate’s medium- and long-term planning within the U.S. market,” it stated.