Hanoi resident Nguyen Van Lung and his family would like to buy their own home. With high property prices in Vietnam’s capital city, a mortgage is currently beyond their budget. So they are renting for now – but is renting a sustainable option in the long term?
American makers of solar panels say companies in Malaysia, Cambodia, Vietnam and Thailand are flooding the market with unfairly cheap goods. PHOTO: REUTERS
WASHINGTON – US trade officials announced on Nov 29 a new round of tariffs on solar panel imports from four South-east 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 in 2024 in a trade case brought by South Korea’s Hanwha Qcells, Arizona-based First Solar 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.