The US Commerce Department has proposed tariffs ranging up to 3,521% on solar panels imported from Cambodia, Thailand, Malaysia, and Vietnam, following an investigation into alleged Chinese subsidies and dumping. These countervailing and anti-dumping duties vary widely by company and country, with Cambodia facing the highest rates due to lack of cooperation. Companies like Jinko Solar (Malaysia) received lower duties, while Trina Solar (Thailand) faces a 375% tariff. The International Trade Commission will issue a final decision on these tariffs in June.
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During a Southeast Asian tour, Chinese President Xi Jinping advocated for free trade, portraying China as a stabilizing force amid global economic uncertainty. In Vietnam, he met with President Luong Cuong and General Secretary To Lam, emphasizing bilateral cooperation to maintain global trade and supply chains. Agreements were signed focusing on supply chain cooperation and agricultural exports, while Xi also addressed the ASEAN free trade agreement in Malaysia. The timing of the trip, coinciding with recent US tariff disruptions, allowed China to position itself as a reliable economic partner in the region.
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A magnitude 7.7 earthquake struck central Myanmar, causing widespread destruction and a rising death toll exceeding 144, with hundreds more injured. The quake’s impact extended across Southeast Asia, from rural Myanmar villages embroiled in civil war to Bangkok’s high-rises, resulting in building collapses and significant damage. Myanmar, already grappling with years of conflict and a weak infrastructure, faces immense challenges in disaster response, contrasting sharply with better-equipped neighboring countries like Thailand. The situation is further complicated by limited communication and access in conflict zones within Myanmar, hindering rescue efforts and aid delivery.
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John Q. Hosedrinker