President Trump Solar Panel Tariff Announcement

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.

President trump solar panel tariff announcement.

The trump administration is imposing tariffs on imported solar panels and washing machines. 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. The announcement marks president trump s first major trade action of 2018 and follows his campaign. Renewable energy companies to cancel or freeze investments of more than 2 5 billion in large installation projects along.

On solar panels trump imposed tariffs of 30 percent in the first year which will gradually fall to half that figure in four years. 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. Washing machine and solar cell manufacturers 01 22 2018 washington dc u s. The announcement comes with the president scheduled to.

President donald trump s tariff on imported solar panels has led u s. The president approved four years of tariffs that start at 30 percent in the. Washington dc the trump administration is imposing tariffs on imported solar panels and washing machines. In january 2018 trump imposed tariffs on solar panels and washing machines of 30 to 50 percent.

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