Dear friend,

Latest revelation emanating from USA tells us the Differences Between Those Who Set Up Factories in USA compared to those who do not

See this News & let us do "A CAREFUL STUDY"

US slaps tariffs on South-east Asian solar panels, including Malaysia, over dumping allegations

WASHINGTON, Nov 30 — US trade officials announced yesterday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.

It is the second of two preliminary decisions that President Joe Biden's Commerce Department is making this year in a trade case brought by Korea's Hanwha Qcells, Arizona-based First Solar Inc and several smaller producers seeking to protect billions of dollars in investments in US solar manufacturing.

The group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Vietnam and Thailand of causing global prices to collapse by dumping products into the market.

According to a preliminary decision posted on the US Commerce Department's website on Friday, the agency calculated dumping duties of between 21.31 per cent and 271.2 per cent, depending on the company, on solar cells from Cambodia, Malaysia, Thailand and Vietnam

.

Jinko Solar received duties of 21.31 per cent for products made in Malaysia and 56.51 per cent for those produced in Vietnam.

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China's Trina Solar received a dumping margin of 77.85 per cent for products it makes in Thailand and 54.46 per cent for those it produces in Vietnam.

In contrast, the Commerce Department did not lay out any dumping margin for Hanwha Qcells products made in Malaysia.In October, the department had calculated subsidy rate of 14.72 per cent for the company.

The department's final determinations are set for April 18, 2025, with the International Trade Administration set to finalise its determinations the following June 2 and final orders expected June 9.

"With these preliminary duties, we are moving closer to addressing years of harmful unfair trade and protecting billions of dollars of investment in new American solar manufacturing and supply chains," said Tim Brightbill, partner at Wiley Rein and lead counsel to the petitioners.

Representatives for Jinko and Trina were not immediately available for comment.

Most solar panels installed in the US are made overseas, and some 80 per cent of imports come from the four nations targeted in the Commerce Department probe.

The Biden administration this year raised the alarm over China's massive investment in factory capacity for clean energy goods.

Biden's landmark climate change law, the Inflation Reduction Act, includes incentives for companies

that produce clean energy equipment in the US — a subsidy that has prompted a flurry of plans for new solar factories.

President-elect Donald Trump has called the Inflation Reduction Act too expensive, but also has said he plans to slap hefty tariffs on a range of sectors to protect American workers.

Dumping occurs when a company sells a product in the US at a price below its cost of production or lower than what it charges in its home country. — Reuters

Different Countries got different DEGREE OF TARIFFS

See

Jinko Solar received duties of 21.31 per cent for products made in Malaysia and 56.51 per cent for those produced in Vietnam.

NOTE:

JINKO SOLAR FROM MALAYSIA: TARIFF IS 21.31%

JINKO SOLAR PRODUCED IN VIETMAM: TARIFF IS MORE THAN DOUBLE AT 56.51%

China's Trina Solar received a dumping margin of 77.85 per cent for products it makes in Thailand and 54.46 per cent for those it produces in Vietnam.

CHINA'S TRINA SOLAR MADE IN THAILAND: TARIFF IS 77.85%

THOSE MADE IN VIETNAM: 54.46%

In contrast, the Commerce Department did not lay out any dumping margin for Hanwha Qcells products made in Malaysia.In October, the department had calculated subsidy rate of 14.72 per cent for the company.

HANWHA QCELLS PRODUCTS MADE IN MALAYSIA: NO TARIFF?

WHY?

ANSWER: 

 a trade case brought by Korea's Hanwha Qcells, Arizona-based First Solar Inc and several smaller producers seeking to protect billions of dollars in investments in US solar manufacturing.

a trade case brought by Korea's Hanwha Qcells,

producers seeking to protect billions of dollars in investments in US solar manufacturing.

This is it!

Because Korea Hansell Qcells also got Manufacturing Facilities Already Set Up on USA Soils

THAT IS WHY USA Spared Korea Hanwha Q cells

JUST LIKE SOLAR PANEL: ONLY SUPERMAX GOT NEW GLOVE FACTORY ALREADY SET UP IN USA

So can expect USA to impose Glove Tariff from China, Vietnam, Thailand as well as Malaysia to a lesser degree & IN PARTICULAR 

"SUPERMAX" MIGHT THE ONLY MALAYSIA GLOVE THAT GETS "ZERO" TARIFF JUST LIKE KOREA HANWHA QCELLS

WITH WARM REGARDS

Calvin Tan

Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager

Supermax on track for glove manufacturing in the US

• Wednesday, 18 Sep 2024

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Supermax anticipates achieving half capacity in the first phase of operations by next year, producing up to 2.4 billion gloves a year.

PETALING JAYA: Supermax Corp Bhd will begin commercial production of gloves at its first US manufacturing facility in Texas by January 2025.

The glovemaker’s wholly owned subsidiary Maxter Healthcare Inc will begin testing and commissioning its first production lines in December 2024, a release yesterday said.

Supermax anticipates achieving half capacity in the first phase of operations by next year, producing up to 2.4 billion gloves a year.

The scaling up of production in the first phase is expected to be completed in the fourth quarter of 2025, adding another 2.4 billion pieces a year for a total of 4.8 billion gloves a year for its US production capacity.

“Our US plant incorporates a smart-manufacturing process, featuring digital process control and fully automated end-to-end manufacturing.

“This approach reduces our reliance on blue-collar labour and leverages the latest technology, including artificial intelligence, automation, and robotics,” founder and executive chairman Datuk Seri Stanley Thai said in a statement.

Supermax has plans for the second phase of its production capacity to be installed within the next two years and will be subject to its monitoring of global demand and consumption.

Supermax shares rose 14 sen to 93 sen yesterday on news that import tariffs on Chinese gloves entering the United States would be raised by 50% in 2025 and jump to 100% by January 2026.