Latest News

Trump Decision to End Solar-Trade Loophole Is Overturned by U.S. Court

Economy1 hour ago (Nov 16, 2021 17:44)

© Bloomberg. Photovoltaic panels at the North Palm Springs 1 solar field in Whitewater, California, U.S., on Thursday, June 3, 2021. Communities from California to New England are at risk of power shortages this summer, with heat expected to strain electric grids that serve more than 40% of the U.S. population.


(Bloomberg) — A U.S. trade court has overturned a decision made last year by then-President Donald Trump to end a tariff exemption that benefited domestic solar developers.

The former president’s proclamation that closed a loophole for solar panels that generate power on both sides “constituted an action outside the President’s delegated authority,” U.S. Court of International Trade Judge Gary Katzmann said in a ruling Tuesday.

The ruling is a setback to solar manufacturers that have invested in domestic manufacturing after Trump imposed tariffs on imported equipment in 2018, but a win for U.S. developers that fought to restore the tariff exemption on two-sided, or bifacial, solar panels.

READ: Biden DOJ Says Trump ‘Lawfully’ Killed Solar-Tariff Loophole

The decision comes months after the trade court ruled Trump’s proclamation hadn’t violated an earlier order, effectively allowing his administration to end the exclusion. In December, a Washington-based solar-trade group and some developers challenged the proclamation, contending the administration “failed to follow the required procedures” before acting.

Trump originally approved four years of tariffs on solar equipment imports, starting at 30%. The administration later surprised many in the sector by granting an exclusion for bifacial panels. While they were considered niche products, the tariffs had encouraged some new solar manufacturing in the U.S., and module imports exempt from those duties posed a threat.

©2021 Bloomberg L.P.

Trump Decision to End Solar-Trade Loophole Is Overturned by U.S. Court

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Yellen Says U.S. Treasury’s Cash Won’t Last Long Past Dec. 3

Previous article

October California Home Sales

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News