Waaree and Premier Energies Shares in Focus After US Tariffs on SE Asian Import

On April 22, 2025, Shares of Premier Energies and Waaree Energies, a leading solar energy equipment manufacturer, will be in focus as the US has imposed anti-dumping duty on imports of solar equipment from 4 Southeast Asian (SE) countries: Cambodia, Vietnam, Malaysia and Thailand.

On Monday, April 21, 2025, the US levied new duties as high as 3,521% on imports from Cambodia, Vietnam, Malaysia and Thailand. This follows an investigation, which was commenced during former President Joe Biden’s tenure. The investigation was sought by US-based solar manufacturers.

These duties are in addition to the new widespread tariffs imposed by US President Donald Trump that have created a turmoil in the global supply chain and markets.

Antidumping Duties in Different SE Countries

Companies not specifically named in Vietnam may be subject to duties as high as 395.9%, while those in Thailand could face rates up to 375.2%. Malaysia’s general duty rate stands at 34.4%. Jinko Solar was hit with duties of approximately 245% on exports from Vietnam and 40% on those from Malaysia. Trina Solar faces tariffs of 375% in Thailand and over 200% for shipments from Vietnam. JA Solar’s modules exported from Vietnam may be subject to around 120% in duties.

What are Antidumping Duties?

The antidumping and countervailing duties are designed to offset the value of alleged unfair subsidisation and pricing, as calculated by the Commerce Department.

Also Read: Waaree and Premier Energies Drive Growth Through US Exports

Premier Energies and Waaree Energies Shares Performance

On April 22, Premier Energies shares rose ~2%, reaching a day high of ₹1,035.00 at 09:20 AM, after opening at ₹1,035.00. Waaree Energies shares soared ~5%, touching a day high of ₹2,574.45 and opened at ₹2,520.00.

About Premier Energies Limited

Premier Energies Limited is engaged in the manufacturing of integrated solar cells and solar panels. The company’s product portfolio revolves around solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.

About Waaree Energies Limited (WEL)

Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. WEL has five solar module manufacturing facilities in India, with an international presence.

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