Maga Tariffs On Solar Panels And Washing Machines

Solar industry was split over the trade barriers.

Maga tariffs on solar panels and washing machines. For large residential washing machines tariffs will start at up to 50 percent and phase out after three years. The tariffs on washing machines are even steeper than those on solar panels. Story continues below. The first 1 2 million washing machines imported each year will face a 20 percent tariff with additional imports facing a 50 percent tax.

Up to certain levels imports of solar cells will be exempt from the tariff while the first 1 2 million imported large washing machines will get a lower tariff peaking at 20 percent. A tariff or tax of 30 will be applied to imported solar panels most of which come from china. The move gave a boost to whirlpool and dealt a setback to the. In solar the united states imposed antidumping and countervailing duties.

The trump tariffs are a series of united states tariffs imposed during the presidency of donald trump as part of his america first economic policy to reduce the united states trade deficit by shifting american trade policy from multilateral free trade agreements to bilateral trade deals. Tariffs will begin at 20 on large residential washing machines according to the announcement. Trump approved tariffs of up to 50 on imports of finished washers as well as on major parts that go into them such as. Trade representative robert lighthizer announced today that president trump has approved recommendations to impose safeguard tariffs on imported large residential washing machines and imported solar cells and modules.

In january 2018 trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. Under monday s announcement parts also will be hit with a. The key feature shared by the solar panel and washer cases is that the united states already imposes special tariffs on these products but limits these tariffs to only a couple of foreign source countries. There were already tariffs on solar panels and washing machines.

The tariffs set on solar panels were lower than domestic us producers had hoped for but the duties on washing machines and parts were steeper than expected adding as much as 50 in some cases.