SolarWorld applauds trade remedy recommendations for U.S. solar

SolarWorld applauds trade remedy recommendations for U.S. solar

Federal trade officials on Tuesday will recommend measures to safeguard struggling domestic solar panel manufacturers against cheap imports in a closely watched case that could have a major impact on the price of US solar power. Meredith Broadbent, a Republican, backed modest import limits, starting at current levels, even as she said she was anxious that import restrictions could "adversely affect the hundreds of thousands of USA workers employed in installing solar projects, manufacturing other equipment. and providing a range of services, including cutting-edge research and development, in support of this market".

These range from an immediate 30 percent tariff on all imported solar modules to a four-year quota system that allows the import of up to 8.9 gigawatts of solar cells and modules in the first year.

In the most lenient recommendation, Commissioner Meredith Broadbent said the president should impose a four-year quota system that allows for imports of up to 8.9 gigawatts of solar cells and modules in the first year.

The commission's non-binding recommendations follow a unanimous vote in September that the imports are harmful. Donald Trump has until February to agree on a final solution.

Trump has vowed to protect U.S. manufacturers from low-cost imports, and U.S. Commerce Secretary Wilbur Ross has talked about tariff-rate quotas as a flexible way to protect some industries, allowing imports in as needed, but only up to a certain level before high tariffs kick in. Suniva has declared bankruptcy, while SolarWorld had to lay off three-quarters of its workforce. Other U.S. solar companies had been bracing for higher duties, which they said would have disrupted the $29 billion industry, stifling installations and triggering job cuts. On the other hand, several governors together with the main trade group for the solar industry are opposing the idea of solar tariffs. He claimed that the popularity of solar panels opened numerous positions for electrical workers who install these appliances. It called on President Trump to implement more stringent restrictions "necessary to save American manufacturing".

The tariff proposals are lower than requested by Suniva Inc., the bankrupt solar manufacturer that filed the case in April.

PlayStation Plus Lineup for November 2017 Announced
Both Bound and Worms Battleground will be available for PlayStation 4 PS Plus subscribers for November. Amazon also offers up a slight discount on picking up six-month subscriptions too.

At the moment, there is a high influx of solar panels coming from China and other foreign countries.

Suniva is majority owned by Hong Kong-based Shunfeng International Clean Energy.

But fears of steep new tariffs on imports have sparked widespread nervousness among solar developers and installers that have benefited from a 70 percent drop in the cost of solar since 2010.

USITC, an independent federal agency that governs trade, announced a range of recommendations aimed at protecting domestic makers of solar equipment from unfairly priced imports, especially from China.

"It's good that the trade commissioners' recommendations aren't as drastic as the petitioners sought in this case".

The ITC "recommendations demonstrate Suniva's request was not permissible under law", Ed Fenster, chairman of the rooftop solar company Sunrun Inc., said in a statement.

Related Articles

  • Home Depot, CAIR Maryland respond to recent NYC attack

    Home Depot, CAIR Maryland respond to recent NYC attack

    On his part, New York City Mayor Bill de Blasio described the attack as "a cowardly act of terror aimed at innocent civilians". The rampage lasted for around 20 blocks and finished a few hundred yards from the 9/11 World Trade Center memorial.

    Recent Analysts Ratings Walgreens Boots Alliance, Inc. (WBA)

    The stock has returned -19.93% since the starting of the year when viewing the starting price as compared to the ending price. Deutsche Bank AG reaffirmed a "buy" rating on shares of Walgreens Boots Alliance in a research report on Monday, July 18th.
    NYC suspect should be held as enemy combatant, Graham tells Trump

    NYC suspect should be held as enemy combatant, Graham tells Trump

    Trump's comments came near the end of a prepared statement on the attack given to reporters on Wednesday afternoon. He should not be read Miranda Rights, as enemy combatants are not entitled to them.
  • Sergio Aguero In For Gabriel Jesus

    Sergio Aguero In For Gabriel Jesus

    Manchester City captain Vincent Kompany is still out with a calf injury and will not feature against Napoli this evening. Chelsea are now winless in their last six away games against Italian clubs in the Champions League (W0 D1 L5).
    Amazon now lets you view items in your home using AR

    Amazon now lets you view items in your home using AR

    Check out Amazon's Electronics Gift Guide and get a head start on your holiday gift planning and shopping . In addition, buyers can also customize colors on the virtual products to find the right combination.
    FALL BACK: Daylight saving time ends Sunday

    FALL BACK: Daylight saving time ends Sunday

    Daylight saving is observed in approximately 70 countries, including most of those in North America and Europe. Having trouble getting out of bed in the morning because it's so dark? It's your time to rise and shine.
  • Tesla Inc (TSLA) Slashes Production of Two Cars, Misses Q3 Estimates

    Tesla Inc (TSLA) Slashes Production of Two Cars, Misses Q3 Estimates

    In May past year , for example, Tesla said it would sell an additional $ 2 billion in stock to fuel growth for the Model 3. The company reiterated that it believes there's "no fundamental problems" with its supply chain or production processes.
    Two girls electrocuted by unattended live wire on a Chennai street

    Two girls electrocuted by unattended live wire on a Chennai street

    The Tamil Nadu government had declared a state holiday on Wednesday due to heavy rain forecast in Chennai and surrounding areas. Officials said four persons died in rain-related incidents in different places since last evening taking the toll to five.
    Dustin Hoffman Releases Statement in Response to Sexual Harassment Allegations from 1985

    Dustin Hoffman Releases Statement in Response to Sexual Harassment Allegations from 1985

    Hunter documented Hoffman's alleged misconduct in letters she wrote to her sister, which are shared in the story. In it she wrote: "Today, when I was walking Dustin to his limo, he felt my ass four times".
  • Bin Laden's Computer Files Expose His Love For Crochet And Cartoons

    Iran detained a number of al-Qaeda members and al-Qaeda kidnapped an Iranian diplomat to obtain their release. And despite their differences, Iran continued to provide crucial support for al-Qaeda's operations.
    SC  gets

    SC gets "D" on premature births

    North Carolina's preterm birth rate was 10.4 percent, an increase from 10.2 in 2015, according to the report. The March of Dimes gives "A" grades to states that have a preterm birth rate of 8.1 percent or lower.
    Let the Oscar Buzz Begin for Margot Robbie as Tonya Harding

    Let the Oscar Buzz Begin for Margot Robbie as Tonya Harding

    Harding denied any involvement, but she was eventually convicted of hindering the investigation. Margot Robbie stars as Harding, and she looks sensational, as usual from Robbie.