President Trump campaigned with a tough on trade message and it appears January 2018 may be the first of many actions taken by the current administration.
The potential tariffs involve the importation of solar panels from around the world. Currenly, manufacturers in China account for almost two-thirds of all solar panel production worldwide and in the last 10 years, China’s manufacturers have lowered the global prices of solar panels by 90 percent. While Chinese manufacturers argue the lower solar panel prices benefit the environment, American producers successfully argued for the US to impose tariffs for Chinese solar panels “dumped” into the United States.
These tariffs have resulted in Chinese manufacturers shifting the manufacturing of solar panels to Southeast Asia to avoid paying anti-dumping duties to the US. In response, American producers have now asked the Department of Commerce to implement tariffs on all solar panel imports to the US regardless of country of origin. With a fast approaching deadline of January 26th, we will see whether the Trump administration upholds their tough on trade message.