The second day of the Solar Finance and Investment conference has been overshadowed by the threat of new tariffs by the Trump Administration.
The president has announced a 25% tariff on imported steel and 10% on aluminum. While the details remain unclear, this will inevitably raise prices for PV installations.
While attending a National Governors Association’s meeting President Trump claimed benefits of the Section 201 solar tariff, while disparaging Chinese product quality.
Following the introduction of 30% graduated tariffs on U.S. imports of solar cells and modules, the European Union and China have joined South Korea and Taiwan in filing a complaint with the World Trade Organization.
President Donald J. Trump has asked Congress to take a machete to the Department of Energy’s renewable energy and energy efficiency programs to even lower levels than he proposed last year – cuts likely avoided because of Congressional incompetence.
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.
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.
Eleven members of Congress – eight representatives and three senators – sent letters to President Trump imploring him to impose “strong and effective remedies” to protect American solar module manufacturing from foreign competition.
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