Trump imposes tariffs on solar panels


ㅤ”The first 2.5 gigawatts of imported solar cells will be exempt from the tariffs.
ㅤThe International Trade Commission had urged President Trump to apply tariffs, ruling U.S. solar panel manufacturers are being harmed by cheap imports from China and Southeast Asia. It had recommended in October a tariff of on solar cells of about 30 percent and a tariff on solar panels between 10 percent and 35 percent. Those duties would decline over a four-year period.
ㅤAbout 95 percent of the solar cells and panels sold in the U.S. are made abroad, with most coming from China, Malaysia and the Philippines, according to SPV Market Research.”

Full story at The Washington Examiner, image from (tags trump administration, white house, solar panels, china) – 1/22/18

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