On August 21, Trina Solar responded to reporters that the anti-circumvention investigation had no impact on the company in response to the final ruling of the anti-circumvention investigation of photovoltaic modules in Southeast Asia issued by the US Ministry of Commerce.
On August 18, the Ministry of Commerce of the United States issued a final ruling on the anti-circumvention investigation of photovoltaic modules in Southeast Asia, which lasted one and a half years. Five companies, including BYD, Trina Solar, Longji Le Ye and Atlas, were temporarily identified as having circumvention behavior.
Trina Solar said that the matter will not have a substantial impact. According to the presidential statement released by the United States on June 6, 2022, the tariff exemption period for photovoltaic modules imported from four Southeast Asian countries will last until June 2024. In addition, in the preliminary anti-circumvention ruling released in December 2022, the Ministry of Commerce of the United States announced the criteria for identifying that if silicon wafers are produced overseas or a sufficient proportion (more than 4/6) of component accessories are produced overseas, they will not be identified as circumvention. This means that PV modules exported from March 2022 to the present will not be subject to retroactive tariffs; products within the tariff exemption period from now until June 2024 will not be subject to relevant tariffs; after the tariff exemption period, if certain conditions are met (silicon wafers or a sufficient proportion of auxiliary materials are produced overseas), they will not be deemed to be evasive and taxed.
Trina Solar told reporters that Trina Vietnam's 6.5G W 210 monocrystalline silicon wafer production capacity has been put into operation to meet the needs of exports to the United States, so the anti-circumvention investigation has no impact on the company.
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