Biden Stands Firm Against Reversing Chinese Solar Handout and Resuming Solar Tariffs.

1 min read
Source: Fox News
Biden Stands Firm Against Reversing Chinese Solar Handout and Resuming Solar Tariffs.
Photo: Fox News
TL;DR Summary

President Biden has promised to veto bipartisan legislation that would reverse a rule allowing Chinese solar panel manufacturers to sidestep tariffs. The legislation was introduced after the Commerce Department found that four large solar companies had routed products through Southeast Asia to circumvent duties. The White House characterized Biden's tariff moratorium as a "temporary, 24-month bridge" to support his climate agenda and ensure the growth of the U.S. solar industry. Trade groups, including the Coalition for a Prosperous America, have backed the legislation and strongly opposed Biden's tariff moratorium, arguing it benefits Chinese companies at the expense of American competitors.

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