US President Joe Biden’s two-year freeze on photo voltaic import tariffs is designed to create a provide bridge as america ramps up home manufacturing capability.
From pv journal USA
The US Home of Representatives has determined to elevate a two-year moratorium on photo voltaic import tariffs from 4 Southeast Asian nations chargeable for about 80% of the photo voltaic panel provide chain in US.
the moratorium on tariffs, handed in June 2022 by President Joe Biden, halted tariffs on items shipped from Vietnam, Malaysia, Thailand, and Cambodia. Items present in violation of anti-dumping and countervailing responsibility legal guidelines shall be assessed tariffs starting from 50% to 250% of their shipped worth.
The tariff exemption applies to modules imported earlier than June 6, 2024, or modules put in at venture websites earlier than December 2024. Biden’s two-year moratorium is meant to behave as a provide bridge whereas the US Home photo voltaic manufacturing is booming.
Photo voltaic business commerce teams and main builders have voiced sturdy opposition to lifting the moratorium.
“The laws will impose $1 billion in retroactive tariffs and trigger 30,000 People to lose their jobs this yr,” mentioned Abigail Ross Hopper, president and chief government officer of the Photo voltaic Power Industries Affiliation (SEIA). .
Ross Hopper added that america doesn’t have sufficient manufacturing to satisfy demand, and the remaining 14 months of the moratorium are wanted to “shut the hole.”
The regulation is BEGINS by a small bipartisan group in January by the Congressional Assessment Act.
“We can not permit international photo voltaic producers to violate commerce legal guidelines, particularly when it comes on the expense of American employees and companies,” mentioned Congressman Dan Kildee (D-Michigan). “The Biden administration present in its personal investigation that China was evading US tariffs on photo voltaic imports, however stopped taking motion on the matter, which is unacceptable.”
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