Optrump Tariffs On Solar Panels And Washing Machines

Trump slaps tariffs on imported solar panels and washing machines.

Optrump tariffs on solar panels and washing machines.

The us president donald trump has announced steep tariffs on imported washing machines and solar panels giving a boost to whirlpool corp and dealing a setback to the renewable energy industry. Ustr made the recommendations to the president based on consultations with the interagency trade policy committee tpc in response to findings by the. A tariff or tax of 30 will be applied to imported solar panels most of which come from china. The announcement marks president trump s first major trade action of 2018 and follows his campaign promise to get tough on america s trading partners.

Washington dc u s. Cnn the trump administration is imposing tariffs on imported solar panels and washing machines. The first 1 2 million washing machines imported each year will face a 20 percent tariff with additional imports facing a 50 percent tax. Trade representative robert lighthizer announced today that president trump has approved recommendations to impose safeguard tariffs on imported large residential washing machines and imported solar cells and modules.

The two way the move has met with both praise and criticism from the solar energy industry. Up to certain levels imports of solar cells will be exempt from the tariff while the first 1 2 million imported large washing machines will get a lower tariff peaking at 20 percent. Up to certain levels imports of solar cells will be exempt from the tariff while the first 1 2 million imported large washing machines will get a lower tariff peaking at 20 percent. Tariffs will begin at 20 on large residential washing machines according to the announcement.

A tariff or tax of 30 will be applied to imported solar panels most of which come from china. Manufacturers lobbied for the. Solar industry was split over the trade barriers. Story continues below.