Shocker for India’s solar sector: US slaps 123% anti-dumping duty on imports

The US has slapped a hefty 123.04% anti-dumping duty on Indian solar cells and modules, citing “critical circumstances.” This, combined with existing duties, makes US shipments unviable. However, Indian solar firms have already diversified exports to Europe and West Asia, mitigating the immediate impact. The industry plans to challenge the “flawed” findings.