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Home - Solar Industry - US government doubles tariffs on imports of PV cells from China to 50%
Solar Industry

US government doubles tariffs on imports of PV cells from China to 50%

solarenergyBy solarenergyMay 15, 2024No Comments2 Mins Read
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The administration of US President Joe Biden has increased tariffs on the import of PV cells from China from 25% to 50%. It has also raised tariffs on items including semiconductors, electric vehicles and EV batteries from China.

May 15, 2024 Emiliano Bellini

US President Joe Biden

Image: Wikimedia Commons

The US government has decided to increase the tariffs it applies to solar cells imported from China from 25% to 50%.

“The tariff increase will protect against China’s policy-driven overcapacity, which is driving down prices and slowing solar development outside China,” the White House said in a statement. “China has used unfair practices to dominate more than 80 to 90% of certain parts of the global solar supply chain, and is seeking to maintain that status quo. China’s policies and non-market practices are flooding global markets with artificially cheap solar panels, undermining investment in solar energy production outside China.”

The Biden administration has also decided to increase tariffs on aluminum and steel imported from China from 0% to 7.5% to 25%, and on semiconductors from 25% to 50%.

In addition, it has decided to increase the tariffs for electric vehicles from 25% to 100% and those for lithium-ion EV batteries from 7.5% to 25%. The government has also increased tariffs on ship-to-shore cranes and medical products.

“American workers and companies can beat anyone – as long as they have fair competition. But for too long, the Chinese government has used unfair, non-market practices,” the US government said. “China’s forced technology transfers and intellectual property theft have helped control 70%, 80% and even 90% of global production for the critical inputs needed for our technologies, infrastructure, energy and healthcare – creating unacceptable risks for the American economy. supply chains and economic security.”

See also  China module prices Bearish, the American prices rise on tariff policy

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