Business Standard

Sunday, December 29, 2024 | 04:30 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

China flooded US with solar panels before Trump admin's metal tariffs

Fourth-quarter deliveries from China were almost 11 times higher than in the first nine months of 2017, according to a report

China flooded US with solar panels before Trump admin's metal tariffs
Premium

Chris Martin | Bloomberg
Chinese suppliers flooded the US solar market with panels at the end of last year, as customers sought to avoid paying President Donald Trump’s 30 percent import tariff.

Fourth-quarter deliveries from China were almost 11 times higher than in the first nine months of 2017, according to a report Friday by Bloomberg New Energy Finance. Manufacturers also hauled panels and cells across the border from Mexico, Canada and other countries to beat the import duties that were announced last month.

The tariffs don’t apply to the first 2.5 gigawatts of imports this year, and there’s as much as 5 gigawatts of solar

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in