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Biden waives solar panel tariffs, seeks to boost production

WASHINGTON (AP) – President Joe Biden is being called Defense Production Act Increasing U.S. solar panel manufacturing on Southeast Asian panels while declaring a two-year tariff exemption.

The move, announced on Monday, is trying to launch an industry key to meeting the Democratic president’s anti-climate change goals, advocates say a federal investigation has disrupted.

The White House says the moves are being carried out using executive action and presidential demands.

The move comes after months of complaints from industry groups that the solar sector is slowing down due to supply chain problems as a result of an ongoing investigation by the Commerce Department into possible trade violations of Chinese products.

According to the White House, the U.S. is on track to triple its domestic solar manufacturing capacity by 2024.

In addition to Biden’s new actions, he urges Congress to “approve tax cuts and additional investments that advance the manufacture and expansion of clean energy in the United States.”

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Biden waives solar panel tariffs, seeks to boost production Source link Biden waives solar panel tariffs, seeks to boost production

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