US President Joe Biden’s two-year freeze on photo voltaic import tariffs is designed to create a provide bridge as the US ramps up home manufacturing capability.
From pv journal USA
The US Home of Representatives has determined to elevate a two-year moratorium on photo voltaic import tariffs from 4 Southeast Asian international locations chargeable for about 80% of the photo voltaic panel provide chain in US.
the moratorium on tariffs, handed in June 2022 by President Joe Biden, halted tariffs on items shipped from Vietnam, Malaysia, Thailand, and Cambodia. Items present in violation of anti-dumping and countervailing obligation legal guidelines can be assessed tariffs starting from 50% to 250% of their shipped worth.
The tariff exemption applies to modules imported earlier than June 6, 2024, or modules put in at challenge websites earlier than December 2024. Biden’s two-year moratorium is meant to behave as a provide bridge whereas the US Home photo voltaic manufacturing is booming.
Photo voltaic business commerce teams and main builders have voiced robust opposition to lifting the moratorium.
“The laws will impose $1 billion in retroactive tariffs and trigger 30,000 Individuals to lose their jobs this 12 months,” mentioned Abigail Ross Hopper, president and chief govt officer of the Photo voltaic Power Industries Affiliation (SEIA). .
Ross Hopper added that the US doesn’t have sufficient manufacturing to satisfy demand, and the remaining 14 months of the moratorium are wanted to “shut the hole.”
The legislation is BEGINS by a small bipartisan group in January by the Congressional Evaluate Act.
“We can not enable overseas photo voltaic producers to violate commerce legal guidelines, particularly when it comes on the expense of American employees and companies,” mentioned Congressman Dan Kildee (D-Michigan). “The Biden administration present in its personal investigation that China was evading US tariffs on photo voltaic imports, however stopped taking motion on the matter, which is unacceptable.”
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