Tariffs may hurt solar panel industry
The tariffs could hurt foreign solar panel makers and foreign and American distributors, and strain trade relations between the United States and China, the newspaper reported.
According to the article, U.S. customs decided early this year that because the panels contain a basic electronic device for safety and energy efficiency, they would be treated as electric generators, subject to a duty of 2.5 percent.
The decision is legally binding on most solar panels imported into the United States, the newspaper reported, noting that no one in the industry became aware of it until the last few weeks.
In the meantime, unpaid duties piled up, along with penalties that are likely to double the cost, according to the article.
The Solar Energy Industries Association, a coalition of domestic and foreign companies, argues that American tariffs on solar panels could lead other countries to impose tariffs on American exports, the article said.
Related News
OPG, TVA Partner on New Nuclear Technology Development
WASHINGTON - Two of North America's leading nuclear utilities unveiled a pioneering partnership to develop advanced nuclear technology as an integral part of a clean energy future and creating a North American energy hub. Ontario Power Generation and the Tennessee Valley Authority will jointly work to help develop small modular reactors as an effective long-term source of 24/7 carbon-free energy in both Canada and the U.S.
The agreement allows the companies to coordinate their explorations into the design, licensing, construction and operation of small modular reactors.
"As leaders in our industry and nations, OPG and TVA share a common goal to decarbonize energy generation while maintaining reliability and low-cost service, which…
