Tariffs on solar panels: The US suspends tariffs on solar panels for four Asian international locations, not China

President Joe Biden on Monday will droop tariffs on solar panel imports from Cambodia, Malaysia, Thailand and Vietnam — however not China — for two years because the US seeks to spice up home clear vitality manufacturing, the White House stated.

Biden’s administration may also invoke the Defense Production Act (DPA) to speed up home manufacturing and use the federal authorities’s buying energy to spice up demand, a truth sheet stated.

China is excluded because the Commerce Department investigates whether or not sure Chinese firms are circumventing US tariffs by assembling components within the four international locations.

“Today’s clear vitality applied sciences are a crucial a part of the arsenal we should harness to scale back vitality payments for households, scale back dangers to our well being and tackle the pressing disaster of a altering local weather,” the White House stated.

It added that in comparison with when Biden took workplace, the US is on observe to triple home solar manufacturing capability from 7.5 gigawatts to 22.5 gigawatts by 2024, sufficient to energy 3.3 million properties, yearly change to solar vitality.

Monday’s actions embody invoking the DPA to implement clear vitality manufacturing in key areas, together with solar components equivalent to photovoltaic panels and module elements.

Former President Donald Trump beforehand used the identical powers to ramp up manufacturing of medicines and gear through the Covid pandemic, and it was additionally invoked throughout World War II.

The two-year tariff suspension window, in the meantime, is meant to behave as a “bridge” to make sure the United States has entry to an ample provide of components to satisfy energy era wants whereas home capability expands.

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