EU cuts minimum import price of Chinese components by 15%

Abstract On July 12th, during the ongoing PV trade negotiations between the EU and China, the European Union took a step back and agreed to reduce the minimum import price for Chinese solar modules by 15%. Officials within the EU explained that the photovoltaic market has been highly volatile since the EU initiated a double investigation into Chinese solar products. This move reflects the rapidly changing market conditions and the need for a more balanced approach. Currently, the overall prices of PV products have dropped significantly, which is one of the key reasons behind the EU’s decision to lower the minimum import price.

The technical discussions between China and the EU on the PV dispute are nearing completion, with the main debate now focused on pricing mechanisms. Both sides are under significant time pressure to reach an agreement before August 6, as failure to do so could result in punitive tariffs rising to as high as 47.6%. With the deadline approaching, both China and the EU are working closely to find a solution that protects their respective industries while maintaining a stable trade relationship. The outcome of these negotiations will have far-reaching implications for the global solar supply chain and the renewable energy sector as a whole.