Biden waives tariffs on Asian solar modules
Low domestic production capacity means imports from Asia will be critical to US solar growth
US president Joe Biden has waived import tariffs on solar panels and modules from Southeast Asia for up to two years to help combat an acute shortage of components amid rising prices. In his declaration, Biden notes that c.75pc of solar modules imported into the US come from Southeast Asia and that “roughly half of the domestic deployment of solar modules that had been anticipated over the next year is currently in jeopardy as a result of insufficient supply”. The previous Trump administration imposed tariffs in 2018 on all silicon PV imports for four years to protect domestic manufacturing. Before that, the Obama administration introduced tariffs on Chinese solar module imports in 2012. The
Also in this section
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies