US slaps steep duties on solar imports from India and Indonesia

Washington’s reported move to assist American producers threatens to increase consumer costs

The US has announced steep new tariffs on solar cells and panels from India, Indonesia, and Laos in order to support domestic producers.

In a statement on Tuesday, the US Commerce Department set preliminary duties on solar imports from companies in the three Asian nations.

The countries have been accused of unfairly subsidizing local manufacturers, according to Reuters.