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Trump's 126% Tariff on Indian Solar Imports Causes Up To 15% Stock Drop for Waaree, Premier, Vikram Solar
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US Tariff Shock: Indian Solar Stocks Crash Up To 15% After Trump Imposes 126% Duty
C
CNBC Awaaz
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25-02-2026, 10:07
US Tariff Shock: Indian Solar Stocks Crash Up To 15% After Trump Imposes 126% Duty
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Waaree Energies, Premier Energies, and Vikram Solar shares plunged up to 15% on February 25.
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The decline followed Donald Trump's administration setting a preliminary 126% duty on Indian solar imports.
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Waaree Energies fell 15%, Premier Energies 13%, and Vikram Solar 5%.
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US Department of Commerce cited foreign subsidies for lower prices; similar duties on Indonesia and Laos.
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Indian solar imports to the US reached $792.6 million in 2024, a nine-fold increase from 2022.
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