Trump reveals 30% solar tariffs

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The four-year tariffs will decrease 5% per year.

President Trump has announced the tariff rates to be applied on global solar imports as a result of the Section 201 trade case.

Modules and cells will face a tariff rate of 30% in the first year declining 5% in each of the three subsequent years.

The first 2.5GW of cell imports will be exempt for the four-year duration of the tariffs.

The US International Trade Commission (US ITC) had recommended three potential courses of action to the President that in aggregate equated to tariffs of around 30%. The petitioners in the case, Suniva and SolarWorld Americas, had been pressing for tariffs closer to 50%.

In a statement, the administration said it would now look to open negotiations on existing anti-dumping and anti-subsidy duties on Chinese solar products and the reciprocal duties placed on US polysilicon by Beijing.

Full details are available on the US Trade Representative's fact sheet.

Details and disappointment

According to ROTH Capital, the duties would usually become active after 15 days, however, a period to allow nations to apply for an exemption plus the complexity of the arrangement could see this period extended to 90 days.

The 30% level falls short of the 50% requested by the petitioners.

Juergen Stein, CEO and president of SolarWorld Americas issued a statement that was appreciative but demonstrated the underwhelming nature of the tariffs for both sides.

“SolarWorld Americas appreciates the hard work of President Trump, the US Trade Representative, and this administration in reaching today’s decision, and the President’s recognition of the importance of solar manufacturing to America’s economic and national security,” it began. 

“We are still reviewing these remedies, and are hopeful they will be enough to address the import surge and to rebuild solar manufacturing in the United States. We will work with the US Government to implement these remedies, including future negotiations, in the strongest way possible to benefit solar manufacturing and its thousands of American workers to ensure that US solar manufacturing is world-class competitive for the long term.”

Suniva added that it was pleased to see the Canadian loophole closed. It was mooted that as a free trade partner and minor importer of solar products thus far, that Canada could have been excluded. This would have opened the door for module assembly just over the border from the US.

Shares in US thin-film manufacturer First Solar had jumped 5% at the time of writing.

See the reaction of the Industry here, while several Chinese firms have said they and their peers will be minimally affected.

Read Next

April 14, 2021
Meyer Burger is on track to start shipments of its first heterojunction (HJ) solar modules made in Germany to distributors in July.
March 25, 2021
Thin-film laser systems equipment supplier LPKF Laser & Electronics suffered from delays in receiving new expected orders from two long-stand customers last year.
March 23, 2021
Lightsource bp has been selected to build, own and operate seven solar arrays in Pennsylvania that will provide nearly half of the state government’s electricity.
March 4, 2021
A round-up of the latest solar project news from around the world, including updates from Hanwha Q CELLS and Capital Dynamics.
March 1, 2021
Xcel Energy has announced plans to double its renewables and battery storage capacity in Colorado by 2030, as the utility progresses with efforts to reach 100% carbon-free electricity generation across its service area by 2050.
February 15, 2021
US utility Duke Energy should refile its 2020 integrated resource plan (IRP) to effectively allow for the diversity benefits of solar and storage to be captured, it has been argued by energy consulting firm E3.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021