Preliminary Rates, Investigation Timeline, and Analysis
On April 24, 2024, a new Anti-Dumping and Countervailing Duty (AD/CVD) petition was filed against Cambodia, Malaysia, Thailand, and Vietnam. The latest case focuses on whether imports of cells (imported individually or as modules) produced in one of the four named countries have injured domestic producers and are sold at unfair prices (AD) and/or with unfair government support (CVD).
If the U.S. International Trade Commission (ITC) rules that material injury or the threat of material injury has occurred and the U.S. Department of Commerce finds unfair pricing and government support, imports of cells from Cambodia, Malaysia, Thailand, and Vietnam would be subject to new duties. These two investigations are very different: CVD rates take into account the amount of government subsidy provided to the exports; AD rates focus on the difference between fair market value and the price of the import and are typically higher than CVD rates.
In this overview, we recap the preliminary CVD and AD rates announced in Q4 2024, provide insight from Anza’s data on how CVD rates from October are affecting module prices, and outline ways to mitigate risk moving forward.
