The Biden administration is expected to restore US tariffs on imported solar panels from China and other countries, according to a Reuters exclusive.
According to “two sources familiar with the White House plans,” Reuters reports, South Korea’s Hanwha Qcells, investing $2.5 billion in US solar manufacturing, requested that the two-year-old trade exemption for imported solar panels be reversed.
Qcells formally petitioned the US trade representative on February 23 to reinstate the solar tariffs, and seven other US solar manufacturers, also investing billions combined, wrote letters of support.
Reuters’ sources said that no timeline has been decided for when the tariffs will be reinstated.
More than 40 US solar equipment factories planned since President Joe Biden signed the Inflation Reduction Act in 2022 will benefit…