President Trump’s tariff decision was not the worst-case scenario for the U.S. market, but GTM Research says that it will still have effects, particularly in marginal and emerging regional markets.
While it was not the worst case scenario, the solar industry is not at all pleased with the imposition of 30% tariffs in the first year.
The decision, released on U.S. Trade Representative Robert Lighthizer’s website, could keep current U.S. module manufacturers in business by keeping their cell lifelines open.
Over the past five years, the pattern of imports has moved away from China and towards Southeast Asia and Korea.
A source told pv magazine that the Section 201 decision has been made but announcement on Friday was delayed, and that while tariffs will be imposed the levels and other details will not be the worst-case scenario.
In an interview with Reuters, the president slammed what he referred to as the dumping of inexpensive modules on the U.S. market.
The last round of the trade war decimated U.S. polysilicon, and Hemlock Semiconductor is calling on Trump to address this in the Section 201 remedy.
In a letter yesterday sent to U.S. Trade Representative Robert Lighthizer, racking and mounting companies warned of significant job losses in their segment if severe tariffs are imposed on solar cell and module imports.
An un-named PV maker is seeking $54 million in state and local incentives to build its U.S. headquarters in the state, along with investing $410 million to build two factories employing 800 workers.
The U.S. International Trade Commission delivered a report to President Trump that should bolster Section 201 petitioners Suniva and SolarWorld’s efforts to get the president to impose sanctions on solar imports as the January 26 deadline looms.
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