U.S. to impose tariffs on some big solar companies for dodging China duties

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The decision was opposed by buyers of solar panels that rely on cheap products made overseas to make their projects competitive

The United States on Friday will finalize a decision to impose import duties on solar panel makers who finished their products in Southeast Asian nations to avoid tariffs on Chinese-made goods, according to a senior Commerce Department official.

But it is good news for the small U.S. solar manufacturing industry, which for years has struggled to compete with Chinese goods and is enjoying renewed investment due to subsidies in U.S. President Joe Biden’s landmark climate change law. Other companies operating in those nations have the ability to pursue a certification process to show that they are not circumventing tariffs. To become certified, solar cells and panels must contain non-Chinese wafers and three other key components.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tourism industry expecting hit after China leaves Canada off approved travel listCanada has been left off China’s approved list of international destinations for tour groups, in an apparent political boycott.
Source: CTVNews - 🏆 1. / 99 Read more »