Maga Tariffs On Solar Panels And Washing Machines

The move gave a boost to whirlpool and dealt a setback to the.

Maga tariffs on solar panels and washing machines.

A tariff or tax of 30 will be applied to imported solar panels most of which come from china. 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 first 1 2 million washing machines imported each year will face a 20 percent tariff with additional imports facing a 50 percent tax. President donald trump slapped steep tariffs on imported washing machines and solar panels in an order he was signing tuesday.

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. 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. Story continues below. Ustr made the recommendations to the president based on consultations with the interagency trade policy committee tpc in response to findings by the.

In solar the united states imposed antidumping and countervailing duties. 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. 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.

Washington dc u s. Under monday s announcement parts also will be hit with a. In january 2018 trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. Solar industry was split over the trade barriers.

There were already tariffs on solar panels and washing machines.