Us Imposes Steep Tariffs On Importers Of Chinese Solar Panels

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.

Us imposes steep tariffs on importers of chinese solar panels.

However the tariff may ultimately harm american solar panel producers more than their chinese counterparts. The tariff allows 2 5 gigawatts of unassembled solar cells. The department announced anti dumping duties of 26 71 percent to 78 42 percent on imports of most solar panels made in china and rates of 11 45 percent to 27 55 percent on imports of solar cells. A 30 tariff will be imposed on imported solar cells and modules in the first year with the tariffs declining to 15 by the fourth year.

The commerce department on tuesday imposed steep duties on importers of chinese solar panels made from certain components asserting that the manufacturers had benefited from unfair subsidies. The department announced anti dumping duties of 26 71 percent to 78 42 percent on imports of most solar panels made in china and rates of 11 45 percent to 27 55 percent on imports of solar cells. The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday. The president approved four years of tariffs that start at 30 percent in the first.

The china us tariff war is ongoing and the global solar industry has become subjected to its rippling impacts. Published 3 59 pm et sun 11 nov 2012 the associated press washington the obama administration upheld steep tariffs on chinese solar panels wednesday finding that improper trade practices have.