President Trump on Monday imposed tariffs of 30 percent on imported solar panel technology in a bid to protect domestic manufacturers while signaling a more aggressive approach toward China.
The tariffs apply to all imported solar photovoltaic cells and modules, the main technology on panels that convert solar energy into electricity.
While it is targeted at imports from China, Trump’s tariffs apply to all imports, since Chinese manufacturers have moved operations to other countries.
……
The tariff falls to 25 percent after a year, and then 20 percent and 15 percent each year after, before phasing out entirely. The first 2.5 gigawatts of imports each year are exempt.
……
Most of the rest of the solar industry, including installers and companies that make related technology, oppose the tariffs, saying they would threaten tens of thousands of jobs.
- Discussion
-
#BREAKING: Trump places 30 percent tariffs on solar panel imports in first major tariff action https://t.co/cSmlQCQlPV pic.twitter.com/vrHo4eZJr3
— The Hill (@thehill) January 22, 2018
Trump: Imports of washing machines and solar panels not welcome here https://t.co/bdeG0Yet7n via @ABehsudi pic.twitter.com/M1VgqmXM4l
— POLITICO (@politico) January 23, 2018
You must be logged in to reply to this topic.