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US exempts tariffs on solar panels from Vietnam

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(VOVWORLD) -US President Joe Biden on Monday declared a 24-month tariff exemption for solar panels manufactured in four Southeast Asian countries, including Vietnam, in an effort to promote clean energy production in the country.
US exempts tariffs on solar panels from Vietnam - ảnh 1Workers install a rooftop solar power system. (Illustration: VOV)

 The White House said in a statement that the tax waiving applies to solar panels imported from Vietnam, Cambodia, Malaysia and Thailand to ensure the US has access to a sufficient supply of solar modules to meet electricity generation needs while domestic manufacturing scales up.

The US President also activated the Defense Production Act (DPA) to boost solar panel production in the US.

The White House said clean energy technologies now play an important part in reducing energy costs for homes, minimizing risks to the electronic supply in the US.

The US has aimed to triple domestic solar manufacturing capacity by 2024, from 7.5 gigawatts to 22.5 gigawatts, enough to enable 3.3 million households to switch to solar each year.

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