Jinwu Financial News | The photovoltaic solar sector was under pressure. Xinyi Solar (00968) fell 10.3%, Follett Glass (06865) fell 8.22%, GCL Technology (03800) fell 2.88%, Fuyao Glass (03606) fell 2.62%, and Xinte Energy (01799) fell 0.22%.
The US government took action to protect US clean energy manufacturers and increase employment, and announced the immediate cancellation of the 14.25% import tariff exemption for bifacial solar panels. Furthermore, the US government confirmed that Chinese manufacturers evade tariffs by assembling solar modules in Cambodia, Malaysia, Thailand, and Vietnam, so the tariff exemption for solar products from these four Southeast Asian countries will end as scheduled in early June.