US Slaps 126% Tariff on Indian Solar Products
Washington D.C. – The U.S. Department of Commerce has imposed a steep 126% tariff on Indian solar products, impacting the sector significantly. The decision follows the withdrawal of two Adani Group companies, Mundra Solar Energy and Mundra Solar PV, from an anti-subsidy investigation.
Key facts:
- Penalty: Non-cooperation triggered “Adverse Facts Available” penalty.
- Dependence: US cites India’s reliance on Chinese imports.
- Investigation: Initiated after a petition from American solar manufacturers.
- Exports: Over 90% of India’s solar module exports went to the US (2021-2024).
Experts warn of potential pricing pressure on domestic Indian manufacturers as export volumes face uncertainty.
