Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 44

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 44
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 of electricity
generation and materially and adversely affect our business.

Application of trade
laws may also adversely impact, either directly or indirectly, our operating results; for example, by impacting our customers’ project
costs, profitability, and their demand for our modules; or by impacting our own costs or disrupting our manufacturing or supply chains,
and consequently negatively impacting demand and/or price levels for our solar modules, reducing our net sales, or affecting potential
profitability of fulfilling customer contracts.

The overall impact of
trade laws on our business depends on multiple factors, including their duration, their scope and potential expansion thereof, enforcement,
retaliatory measures by impacted exporting countries, inflationary effects and broader macroeconomic responses, changes to consumer purchasing
behavior, and the effectiveness of our responses in managing these impacts. Recent developments include the following:

●United States — Reciprocal Tariffs. On
April 2, 2025, the U.S. President announced a 10% “baseline” reciprocal tariff on nearly all U.S. trading partners,
effective April 5, 2025, and additional, higher reciprocal tariffs on specific countries, effective April 9, 2025. On April
9, 2025, the U.S. President paused the additional, higher tariffs on most countries for 90 days. However, the U.S. President raised the
tariff on China. As of April 16, 2025, the 10% “baseline” reciprocal tariff applies to all countries other than China, Canada,
Mexico, and countries listed under “Column 2” of the Harmonized Tariff Schedule of the United States, such as Russia and
North Korea. As it pertains to the countries where we manufacture solar modules, the additional, country-specific tariffs would have
applied to Vietnam, India, and Malaysia. If the additional, higher tariffs on imports from these countries go into effect, it would increase
the costs of the solar modules manufactured in these countries with respect to our U.S. market. .

●United States — Tariffs on Certain Imported Crystalline
Silicon PV Cells and Modules. The United States currently imposes different types of tariffs and/or other trade remedies on
certain imported crystalline silicon PV cells and modules from various countries. In February 2022, the previous U.S. President proclaimed
a four-year extension of a global safeguard measure imposed pursuant to Section 201 of the Trade Act of 1974 that provides for tariffs
on imported crystalline