Trump Yanks Exemption Solar Was Relying on to Duck Tariffs

(Bloomberg) — The exemption that the renewable energy world was counting on to skirt U.S. President Donald Trump’s tariffs on solar equipment is no more.The U.S. Trade Representative said Friday it was eliminating an exemption carved out about four months ago for bifacial solar panels, which generate electricity on both sides. They’ll now be subject to the duties Trump announced on imported equipment in early 2018, currently at 25%.The exclusion had been a reprieve for the solar industry, which lost thousands of jobs and put projects on ice as a result of the tariffs. Some panel manufacturers had already begun …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.