Impact of the Joint Declaration on the Solar Industry
On May 12, 2025, China and the U.S. released the Geneva Joint Declaration on Economic and Trade Talks, marking a significant step toward resolving bilateral trade disputes. Key measures include:
1. Tariff Adjustments
- The U.S. will suspend 24% of its 34% retaliatory tariffs on Chinese goods for 90 days and permanently cancel tariffs imposed under Executive Orders 14259 and 14266 (totaling 91%). China will reciprocate by suspending 24% of its 34% retaliatory tariffs and canceling 91% of existing tariffs on U.S. goods.
2. Trade Mechanism Establishment
- Both sides agreed to establish a consultation mechanism to address ongoing trade concerns, which will facilitate smoother cooperation in strategic sectors like renewable energy.
For the Solar Sector:
- The tariff reductions are expected to ease trade barriers for solar products, particularly benefiting Chinese manufacturers with global supply chains. Although U.S. tariffs on Southeast Asian solar imports (e.g., 3521% on Cambodia) remain, the joint declaration signals a potential de-escalation of trade tensions.
Singfo Solar: Leading the Global Energy Transition
Amid evolving trade dynamics, Singfo Solar continues to strengthen its global presence with cutting-edge technology and reliable solutions.
1. Core Products
- Solar Modules: Ranging from 5W to 280W, our monocrystalline and polycrystalline panels are certified by ISO, IEC, CE, and TUV, ensuring high efficiency and durability.
- Energy Storage Systems: Integrated solutions for residential, commercial, and utility-scale projects, supporting stable renewable energy supply.
2. Global Partnerships
- -The company has established cooperation with more than 30 clients in Europe, North America, and Asia, and recently won the bid for local photovoltaic storage projects in Vietnam, demonstrating the results of its diversified market strategy.
3. Innovation & Sustainability
- Committed to R&D, Singfo Solar drives cost reductions and efficiency improvements, contributing to affordable green energy worldwide. Our products reduce carbon emissions by up to 1.2 million tons annually.
Looking Ahead
The China-U.S. Joint Declaration opens new opportunities for cross-border solar trade. Singfo Solar will leverage its technological edge and global network to navigate policy changes, delivering value to partners and advancing the global zero-carbon transition.
Contact Us:
Website: www.singfosolar.com | Email: info@singfosolar.com
