The U.S. slaps even more tariffs on Southeast Asia, as solar panels get anti-dumping duties that go as high as 3,521%

If you deliberation a 25% tariff is bad, what astir a tariff that goes past 3,500%?

On Monday, the U.S. Department of Commerce slapped precocious tariffs connected star panels and their related products coming from 4 Southeast Asia countries, Malaysia, Vietnam, Thailand, and Cambodia, accusing manufacturers determination of dumping products connected the U.S. market. The announcement ends a yearlong commercialized probe initiated nether the Biden administration.

Tariff levels varied wildly betwixt antithetic countries and manufacturers. Solar cells made successful Malaysia by Korean institution Hanwha lone got a tariff of 14.64%, the lowest imposed.

In contrast, 4 manufacturers successful Cambodia—Hounen Solar, Jinktek Photovoltaic, ISC Cambodia and Solar Long PV Tech—got tariffs of 3521.14%. The Southeast Asian state stopped cooperating with the U.S. probe, starring to specified precocious penalties.

The U.S. International Trade Commission volition marque a last determination connected tariff rates connected June 2.

U.S. star manufacturers, arsenic good arsenic overseas companies that invested successful U.S. based manufacturing, lobbied for anti-dumping tariffs connected Southeast Asian manufacturers, accusing them of pricing their products beneath accumulation cost. The American Alliance for Solar Manufacturing Trade Committee besides argued that Southeast Asian companies received an unfair level of subsidies, making the U.S.-made star panels uncompetitive.

Chinese-owned star manufacturing facilities person popped up crossed Southeast Asia arsenic companies sought to navigate U.S.-China commercialized frictions.

While Cambodia is inactive chiefly an agrarian economy, star panels were the Southeast Asian country’s apical export to the U.S. past year, according to information from the consultancy Oxford Economics.

In total, the U.S. imported $12.9 cardinal worthy of star instrumentality from the 4 countries targeted by Monday’s tariffs, representing astir 77% of module imports according to Bloomberg data.

In a connection connected Monday, the Alliance called the Commerce Department’s last tariff proposal a “decisive victory” for American manufacturing.

“Enforcing our commercialized laws isn’t conscionable a ineligible matter—it’s indispensable to rebuilding our concern base, securing our vigor independency and protecting American jobs,” Tim Brightbill, co-chair of Wiley’s International Trade Practice and pb counsel to the group, said successful a statement.

This communicative was primitively featured connected Fortune.com