Us Government Doubles Tariff Rates on Pv Cell Imports from China to 50
%The administration of US President Joe Biden has raised tariff rates on PV cell imports from China from 25% to 50%The administration of US President Joe Biden has raised tariff rates on PV cell imports from China from 25% to 50%.
%PV Magazine International 1:12 pm on May 15, 2024
The US administration under President Joe Biden has increased tariffs on imported PV cells from China by 25%, up to 50% from the previous rate of 25%. This decision aims to counteract Chinese policy-driven overcapacity, unfair practices in solar module pricing, and support domestic manufacturing. Tariff adjustments also affect semiconductors, electric vehicles, EV batteries, aluminum, steel imports from China, ship-to-shore cranes, and medical products to foster fair competition and economic security.
- Tariff increase on PV cells:
- Combat Chinese overcapacity and unfair practices:
- Support domestic manufacturing across various sectors:
- Broader tariff adjustments for diverse goods impacted by Chinese trade policies:
- Foster fair competition and economic security.
https://www.pv-magazine.com/2024/05/15/us-government-doubles-tariff-rates-on-pv-cell-imports-from-china-to-50/