Components used to build solar panels will now be subject to tariffs. It’s hard to remember the last time the United States has approved anything like this. It’s long overdue.
Finally the President has started approving some tariffs on imported goods. Solar panels and washing machines are impacted. The beaners south of the border are none to happy about the move.
AP:
President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers.
The Republican’s decision followed recommendations for tariffs by the U.S. International Trade Commission.
“The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, and businesses in this regard,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the decision.
Most imported solar modules will face an immediate tariff of 30 percent, with the rate declining before phasing out after four years. For large residential washing machines, tariffs will start at up to 50 percent and phase out after three years.
Mexico said Trump’s decision not to exclude it from the measures was “regrettable.”
Hopefully this is a precursor to some big action on NAFTA. It’s currently being renegotiated, but we all know that this terrible deal drained America of jobs over the past few decades. If Canada and Mexico aren’t willing to make big concessions, than the whole deal should be ripped up.
