A US trade panel has ruled that low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, raising the possibility of the Trump administration imposing tariffs that could double the price of…
A US trade panel has ruled that low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, raising the possibility of the Trump administration imposing tariffs that could double the price of solar panels from aboard.
Friday’s vote by the International Trade Commission was unanimous. The trade commission has until mid-November to recommend a remedy to President Donald Trump, with a final decision on tariffs expected in January.
White House spokeswoman Natalie Strom said on Friday that Trump “will examine the facts and make a determination that reflects the best interests of the United States. The US solar manufacturing sector contributes to our energy security and economic prosperity.”
Georgia-based Suniva Inc, and Oregon-based SolarWorld Americas brought the case, saying a flood of imports have pushed them to the brink of extinction. Suniva declared bankruptcy, while SolarWorld had to lay off three-quarters of its workforce.
Cheap imports have led to a boom in the US solar industry, where rooftop and other installations have surged tenfold since 2011.
The main trade group for the solar industry and many governors oppose tariffs, saying they could cause a sharp price hike that would lead to a drop in solar installations by more than 50 per cent in two years.
Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association, called the trade commission’s 4-0 vote disappointing for nearly 9,000 US solar companies and the 260,000 Americans they employ.
“Foreign-owned companies that brought business failures on themselves are attempting to exploit American trade laws to gain a bailout for their bad investments,” Hopper said, warning that potential tariffs could double the price of solar, lowering US demand and eroding billions of dollars in investment.
