Maga Tariffs On Solar Panels And Washing Machines

Washington dc u s.

Maga tariffs on solar panels and washing machines.

Trump approved tariffs of up to 50 on imports of finished washers as well as on major parts that go into them such as. Solar industry was split over the trade barriers. 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.

For large residential washing machines tariffs will start at up to 50 percent and phase out after three years. 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. 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.

The first 1 2 million washing machines imported each year will face a 20 percent tariff with additional imports facing a 50 percent tax. In january 2018 trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. Ustr made the recommendations to the president based on consultations with the interagency trade policy committee tpc in response to findings by the. Under monday s announcement parts also will be hit with a.

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. The tariffs on washing machines are even steeper than those on solar panels. The move gave a boost to whirlpool and dealt a setback to the. Story continues below.

President donald trump slapped steep tariffs on imported washing machines and solar panels in an order he was signing tuesday.