At a glance
- What changed
- Biden administration eases Trump-era Solar Tariffs, but doesn't end them
- Who is affected
- Energy
- Business impact
- Bifacial panels, which can generate electricity on both sides are a favored by large scale developers, are exempted from the four-year extension of the tariffs.
Bifacial panels, which can generate electricity on both sides are a favored by large scale developers, are exempted from the four-year extension of the tariffs.
Import quotas on solar cells, the main components of panels, are doubled to 5 gigawatts, and also opens a pathway for duty-free supply from Canada and Mexico.
The former Trump-era tariffs started at 30% and declined to 15% in the finalyear. They were set to expire February 6, but five domestic manufacturers sought the extension based on their products being unable to compete with overseas-made goods that dominate the US market as a result of companies importing and stockpiling before the tariffs took effect, the coronavirus pandemic and cost inflation.
Crane Trade Services can assist you with questions regarding this matter. For assistance please contact CWTSConsulting@craneww.com.
Need help understanding your exposure?
Crane Trade Consulting can help assess tariff impacts, validate exclusions and develop practical mitigation strategies.