The US International Trade Commission has proposed tariffs to impose a maximum tax rate of 35% on imports of solar panels, and ITC will send the relevant proposals to Trump. Trump must decide what trade to take before January 12, 2018.
Specifically, the four ITC members proposed three different proposals, among which ITC Chairman RhondaSchtlein suggested the most stringent measures, and he proposed a four-year tariff on imported solar panels with a first tax rate of 35%. Imported solar cells to implement the tariff quota system, as long as the import of solar cells more than 500 million watts of electricity, tax 30%, less than 10% of this standard tax. These tariffs will gradually decline within four years.
Judging from the previous news, Trump is more likely to adopt ITC this offer in September this year, Wall Street has quoted US officials said that US solar component manufacturers are facing a huge competitive pressure from China's cheap products, Trump on the This is sympathetic.
The official said that once the International Trade Commission has given advice on tariffs on solar products, 'I bet the president's approval of solar tariffs is more than 90%.'
However, ITC proposed the proposed tariff rate is still much lower than the previous US bankruptcy solar manufacturers Suniva complaint request level in April this year filed for bankruptcy nine days later, Suniva in accordance with the United States, "Trade Act of 1974," Article 201, brought ITC launched the world Safeguard investigation, its import of solar cell components tax claims is equivalent to close to 100% tariff rate.
After the announcement of the ITC proposal on Tuesday, US solar manufacturers leader prices were significantly lower.
FirstSolar opened higher and lower, up nearly 1% in early trading, close to 12% in midday, and eventually closed down 9.28%. SunPower rose more than 2% in early trading, fell more than 2%, fell 0.56%.
Canadian solar module manufacturer CanadianSolar day smudge about 1.8% decline, closing up more than 1%.
If the United States if the high tariffs China PV companies the most injured
Trump solar products if you get the surgery, the most affected will be Chinese enterprises.
The New York Times reported in April that China now has about two-thirds of the world's solar capacity and that its products convert sunlight into electricity more and more efficiently to US, German and Korean products, and China also buys half of all global New solar panels, so now actually control the market.
The report said that China's solar panel has become a job killer in the United States, and it is well-known that Trump has always advocated 'U.S. priority' from the election period to assuming office - buying U.S. products and hiring Americans.
Inconsistent interests of the United States solar industry 'infighting'
However, not all US companies in the solar industry are welcome to impose high tariffs on imported solar panels.
Reuters reported earlier that the US solar industry has split over the past six months around whether to take trade protection measures against its own solar panel makers, and solar energy costs have fallen by 70 percent since 2010, making solar energy developers and security Business benefit.
Reported that many US developers and installation companies in the ITC announced a large number of tariff proposals before the purchase of solar panels, and warned that if the panel costs rise too much, some projects may not be completed.
