Longi's solar power plant located in Vietnam.（Photo: Longi）
Tariffs are a central issue in this year's U.S. presidential election, particularly as trade barriers between the U.S. and China are impacting the global solar industry landscape.
Over the past 18 months, the effects of the U.S. increasing tariffs on four Southeast Asian countries have become apparent, with Chinese companies in Vietnam's solar sector being forced to cut production and lay off workers, while Indonesia and Laos are experiencing a surge in factory construction.
Biden's heavy tariffs impact Vietnam solar businesses
According to Reuters, interviews with over ten industry professionals from five countries reveal that following the imposition of new tariffs on Vietnam, Thailand, Malaysia, and Cambodia, the hardest hit has been Vietnam, where some manufacturers face tariffs exceeding 300%.
