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The Greenlink Group
On January 22nd, President Trump approved a recommendation made by the United States International Trade Commission (ITC) to impose a tariff on imported solar cells and modules. The solar tariffs are set at 30% for the first year and will decline by 5% per year for three subsequent years. President Trump’s decision came four months after the U.S. ITC found that, according to a rarely used provision of the Trade Act of 1974, Section 201, the competitiveness of two U.S. domestic solar manufacturers – SolarWorld and Suniva – is negatively affected by low-price imported solar cells and panels. Three recommended… [more]View Insight
Jigar Shah Consulting
SolarWorld, a German-based manufacturer, has introduced a petition with the International Trade Commission and the U.S. Department of Commerce seeking to impose additional antidumping (AD) and countervailing (CVD) duties on imports of solar products from China and Taiwan. Interestingly, the petition aims to relieve U.S. solar panel manufacturing companies from imports that are sold in the U.S. at less than fair value (“dumped”) or allegedly benefit from subsidies in China or Taiwan. However, the petition could increase material costs and have significant impacts on the broader U.S. solar industry. The U.S. solar industry grew ten times faster than national job… [more]View Insight
Last year, some U.S.-based solar manufacturers filed a complaint, leading the U.S. Commerce Department to conclude that Chinese solar panel manufacturers received unfair subsidies from the Chinese government. Consequently, Chinese solar products were priced artificially low, giving them a competitive advantage in the global market. To address this issue, the U.S. government will be imposing a tariff on Chinese solar products ranging from 2.9% to 4.37%. The aim is to increase the prices of these products and create a fairer market for U.S. manufacturers. In here, it is worth noting that the implementation of tariffs may have an impact on… [more]View Insight