President Trump Solar Panel Tariff Announcement

The announcement marks president trump s.

President trump solar panel tariff announcement.

Washington dc the trump administration is imposing tariffs on imported solar panels and washing machines. Barely one week after president donald trump announced a stiff 30 percent tariff on chinese made solar panels a leading chinese solar company announced plans to build a plant inside the united. The trump tariffs are a series of united states tariffs imposed during the presidency of donald trump as part of his america first economic policy to reduce the united states trade deficit by shifting american trade policy from multilateral free trade agreements to bilateral trade deals. 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 announcement comes with the president scheduled to. The trump administration is imposing tariffs on imported solar panels and washing machines. Renewable energy companies to cancel or freeze investments of more than 2 5 billion in large installation projects along. The 10 person meeting on solar equipment imports which included the deputy director of the national economic council the head of policy for the office of vice president mike pence an assistant.

The announcement marks president trump s first major trade action of 2018 and follows his campaign. The president approved four years of tariffs that start at 30 percent in the. On solar panels trump imposed tariffs of 30 percent in the first year which will gradually fall to half that figure in four years. President donald trump s tariff on imported solar panels has led u s.

The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday.