June 7

US Suspending Solar Panel Tariffs on Four Asian Nations, Not China

US PRESIDENT Joe Biden will on Monday (Jun 6) suspend tariffs for 2 years on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam — but not China — as the US seeks to boost domestic clean energy manufacturing, the White House said.

Biden’s administration will also invoke the Defense Production Act (DPA) to accelerate domestic production, and use the federal government’s purchasing power to increase demand, a fact sheet said.

China is excluded as the Commerce Department investigates whether certain Chinese companies are circumventing US customs duties by assembling parts in the four countries.

Photo courtesy of andreas160578.

Source: The Business Times (link opens in a new window)

global development, renewable energy