You are here: Home » International » News » Politics
Business Standard

Donald Trump backs revoking tariff exemption for some solar panel imports

The United States in January 2018 imposed duties on solar panel imports beginning at 30% and expected to drop to 15% by 2021

Donald Trump | Tariff war | solar panel

Reuters  |  WASHINGTON 

Donald Trump, US elections
Trump said the domestic U.S. industry was starting to increase production and market share of certain solar modules.

WASHINGTON (Reuters) - U.S. President on Saturday signed a proclamation underscoring his support for revoking an exclusion from tariffs on some imported double-sided solar panels, and for raising the planned tariff rate to 18% for 2021 from 15%.

Trump said the domestic U.S. industry was starting to increase production and market share of certain solar modules after he imposed tariffs on imports in January 2018, but further steps were needed.

Bifacial panels should not be excluded from the tariffs, Trump said, adding that doing so had limited the overall measures and would likely continue to impair their effectiveness.

"In light of the increased imports of competing products such exclusion entails ... it is necessary to revoke (the) exclusion and to apply the safeguard tariff to bifacial panels," Trump said in a proclamation released by the White House.

"To achieve the full remedial effect envisaged for that action, it is necessary to adjust the duty rate of the safeguard tariff for the fourth year of the safeguard measure to 18 percent."

Solar farm developers, including Chicago-based Invenergy Renewables LLC, had sued to maintain the exemption initially granted by the Trump administration, but it was later rescinded after officials realized it led to a spike in imports.

The United States in January 2018 imposed duties on imports beginning at 30% and expected to drop to 15% by 2021. Trump's announcement would put the rate at 18% next year.

China and other producers dominate the bifacial technology market, a small but growing part of the market that costs more but produces greater power than traditional panels.

Consumers and importers have argued that higher tariffs will boost their costs and are unnecessary because domestic producers do not make the panels and face no harm from imports.

Domestic producers argue that solar farm developers could use either monofacial or bifacial panels, and higher tariffs would safeguard domestic production.


(Reporting by Andrea Shalal; Editing by Aurora Ellis)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, October 11 2020. 08:53 IST