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

BEIJING (Reuters) – Chinese language photo voltaic panel maker LONGi Inexperienced Vitality Know-how Co. Ltd stated on Monday it can 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.

The US 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 dedication issued final week they had been attempting to dodge tariffs by ending merchandise in Southeast Asian international locations.

“Subsequent, the U.S. Division of Commerce will conduct on-site audit within the subsequent few months to confirm the authenticity of the investigation info. Throughout this era, we are going to actively present proof that reveals we’re compliant with U.S. commerce legislation and never circumventing,” LONGi stated in an announcement despatched to Reuters.

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

If finalised subsequent yr, the U.S. dedication means the Chinese language corporations can be topic to duties on the merchandise they make in Malaysia, Cambodia, Thailand and Vietnam.

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

LONGi stated it was engaged on growing the strategic format of its world operations, together with enhancing 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.