4 U.S. Senators penned a letter to President Joe Biden asking for elevated tariffs on Chinese language language-made photograph voltaic wafer, cell and module imports beneath Sec. 301 of the Commerce Act of 1974. Sens. Sherrod Brown (D-OH), Jon Ossoff (D-GA), Marco Rubio (R-FL), and Rev. Raphael Warnock (D-GA) addressed the letter remaining week.
According to a recent Wood Mackenzie study, the worth of a photograph voltaic panel manufactured in China in 2023 dropped to fifteen¢/W, higher than 60% underneath the worth of an American-made panel. The Senators argue China’s carefully sponsored merchandise is hurting U.S. efforts to revive dwelling photograph voltaic manufacturing.
“China’s aggressive subsidies for its private photograph voltaic manufacturing commerce reveal its intent to control the commerce globally,” the Senators wrote. “By 2026, China might have adequate functionality to fulfill annual world demand for the next ten years. This functionality is an existential menace to the U.S. photograph voltaic commerce and American vitality security.”
Whereas American photograph voltaic manufacturing bulletins have elevated for the reason that passage of the Inflation Low cost Act, the Senators say additional is required to strengthen the American manufacturing base.
“These carefully sponsored and artificially low prices put U.S. photograph voltaic producers at an extreme downside all through a vital turning degree inside the progress of the house photograph voltaic manufacturing commerce,” they continued. “Half 301 tariffs are needed to avoid dire penalties not only for our monetary and nationwide security, however as well as for the a whole lot of workers employed by these producers.”
Sec. 301 tariffs have been in place on some Chinese language language photograph voltaic merchandise, along with inverters and AC modules, since 2018. The US imports just a few photograph voltaic panels immediately from China, so it is unknown how a lot market impact elevated Sec. 301 tariffs would have.
Comparable Merchandise In The Class
