Under Section 301 of the Trade Act of 1974, solar cells tariffs are to be increased from 25% to 50% in 2024. Image: President Biden via Twitter.
US President Joe Biden has announced a series of tariffs directed towards Chinese goods, including solar cells.
Under Section 301 of the Trade Act of 1974, solar cells – whether assembled or not into modules – tariffs will increase from 25% to 50% this year in a move to “protect against China’s policy-driven overcapacity that depresses prices and inhibits the development of solar capacity outside of China.”
(The above content is reproduced from pv-tech，By Jonathan Touriño Jacobo）
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