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posted by martyb on Wednesday January 24 2018, @05:26PM   Printer-friendly
from the musk-sells-solar-cells-by-the-solar-shore dept.

Trump administration imposes tariffs on imported solar cells and modules at 30% and certain washing machines up to 50%:

This new determination sets tariffs on imported solar cells and modules at 30 percent with a gradual decrease of that tariff over the subsequent four years. In years two, three, and four, the tariff will be imposed at 25 percent, 20 percent, and 15 percent, respectively, of the value of the import. The first 2.5 gigawatts of imported solar cells imported are exempt from the tariff (but it seems that a similar provision was not made for solar modules). Though the executive branch has broad authority to impose whatever tariff it wants after the ITC finds that an industry has been harmed by imports, this tariff decision closely matches the middle-ground recommendation made by two of the four-person ITC's commissioners. Those commissioners recommended a 30-percent tariff on modules and a 30-percent tariff on imported solar cells in excess of 1GW, with declining rates after the first year.

Whirlpool shares rise after Trump tariff on washing machine imports

The new tax is expected to hit Trump's desk on Tuesday. The administration is imposing 20% tariffs on the first 1.2 million machines imported each year, and 50% on those after that. There will also be a 50% tariff on washing machine parts.

Naturally South Korea and China are upset and plan to argue their case at the WTO. From the articles I read this morning there should be a boost to US manufacturing but the gains may all be offset by the losses with people not wanting to pay more for solar. I think regardless of price people will do solar for solar's sake, but there is sure to be some impact on sales and installation jobs.

Guess I should have bought that 30% off washing machine at the Sears going out of business sale.


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  • (Score: 2) by frojack on Thursday January 25 2018, @04:29AM (1 child)

    by frojack (1554) on Thursday January 25 2018, @04:29AM (#627547) Journal

    Then there's this part
    http://www.foxnews.com/us/2018/01/24/us-offers-3-million-prize-to-boost-solar-manufacturing.html [foxnews.com]

    The US is apparently serious about bringing the solar industry back on shore.

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  • (Score: 2) by insanumingenium on Thursday January 25 2018, @07:18PM

    by insanumingenium (4824) on Thursday January 25 2018, @07:18PM (#627816) Journal
    I didn't bother reading you linked article, but just the link itself is a good joke.

    Three million dollars to boost domestic manufacturing, lol. That first 2.5 GW that comes in tariff free is, at ~1$/W which isn't an uncommon price for photovoltaic panels from what I can tell, is on the order of 2,500 Million dollars.