Air Freight News

US trade agency urges Biden to extend Trump’s solar tariffs

A U.S. trade agency is recommending that President Joe Biden should extend Trump-era tariffs on imported solar components.

The U.S. International Trade Commission is recommending a four-year extension of the solar tariff, with annual declines of .25% starting in February. The recommendation comes weeks after determining that solar imports remain a threat to U.S. manufacturers.

Biden is expected to make a final decision before the four-year tariff is scheduled to expire in February and is under no obligation to follow the ITC’s recommendation.

The president will have to balance conflicting goals. While promoting wider use of clean energy is one of his key policy objectives, he’s also striving to boost the economy, including domestic manufacturing jobs. The tariffs benefit makers of solar components in the U.S., but they add costs to the companies that install imported panels.

Trump imposed the duties in 2018. Despite a slight increase in U.S. solar manufacturing during his term, China remains the world’s biggest panel producer. Most of the panels used in the U.S. are imported from Thailand, Malaysia and Vietnam.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/Rystad_chart_10_5.jpg
Rising data demand puts pressure on US energy grid, boosts gas projects / Rystad Energy
View Article
https://www.ajot.com/images/uploads/article/EIA_chart_3_9.jpg
EIA extends five key energy forecasts through December 2026
View Article
https://www.ajot.com/images/uploads/article/desert_original.png
New interagency study finds expansion of renewable energy production on federal lands could power millions more American homes
View Article
EIA Short-Term Energy Outlook

This edition of our STEO is the first to include forecasts for 2026.

View Article
https://www.ajot.com/images/uploads/article/January-STEO-energy-market.png
EIA publishes its first energy-sector forecasts through 2026
View Article
https://www.ajot.com/images/uploads/article/EIA_map_1_3.jpg
The eighth U.S. liquefied natural gas export terminal, Plaquemines LNG, ships first cargo
View Article