Reuters’ Jeff Mason reports that President Biden will waive solar tariffs for certain countries for two years.
- President Biden has waived tariffs for panels manufactured in four Southeast Asian countries as the Department of Commerce investigates whether or not China has been circumventing American tariffs.
- These solar tariffs have increased prices for consumers, inflated costs for clean energy projects, while providing negligible economic benefits to American solar manufacturers.
- To accelerate the buildout of clean energy, Biden should end tariffs and engage in global free trade.
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“Ramping up renewable energy such as solar is crucial to Biden’s goal of cutting U.S. greenhouse gas emissions by 50% to 52% by 2030, versus 2005 levels, as well as decarbonizing the U.S. power grid by 2035.”
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