【SMM Flash News】First Solar Licenses Oxford PV’s Perovskite Tech to Expand US Footprint

On February 3, 2026, the United States and India formally signed a bilateral trade agreement, reaching a significant consensus on tariff arrangements for Indian goods exported to the US market. Under the terms of the agreement, the reciprocal tariff rate applicable to Indian goods (including solar modules and energy storage components) was reduced from 25% to 18%.

On 24 February local time, the US Department of Commerce announced preliminary countervailing duty (CVD) rates on imports of photovoltaic products from India, Indonesia and Laos: India's subsidy rate stands at 125.87%, Indonesia's at 104.38% and Laos' at 80.67%. Following the preliminary CVD ruling, the industry awaits the anticipated preliminary AD ruling around 21 April, with the final AD/CVD determination expected on 3 September 2026. Customs will only commence collecting definitive duties after the ITC issues its final decision on 19 October.

On February 24 local time, the US Department of Commerce announced preliminary CVD rates for PV product imports from India, Indonesia, and Laos: India’s subsidy rate is generally 125.87%, Indonesia’s is 104.38%, and Laos’ is 80.67%. Following the preliminary CVD ruling, the industry is awaiting the preliminary AD ruling expected around April 21, with the final AD/CVD ruling anticipated to be announced on September 3, 2026. Customs will only begin collecting final tariff duties after the ITC makes its final decision on October 19.