Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

US House votes to repeal Biden solar tariff waiver

Published 04/28/2023, 07:11 AM
Updated 04/28/2023, 04:00 PM
© Reuters. FILE PHOTO: Plants grow through an array of solar panels in Fort Lauderdale, Florida, U.S., May 6, 2022.   REUTERS/Brian Snyder/File Photo

By Nichola Groom and Katharine Jackson

(Reuters) -The U.S. House of Representatives on Friday voted to repeal President Joe Biden's suspension of tariffs on solar panels from four Southeast Asian nations, a move aimed at supporting a domestic supply chain but that solar project builders say would stall clean energy development.

The resolution passed in a 221-202 vote. It will now be sent to the Democratic-controlled Senate for consideration, where its fate is uncertain. The White House has warned that it opposes the legislation, saying in a statement that Biden would veto it.

The measure passed with the help of 12 Democrats. Eight Republicans voted against it.

The bipartisan effort to restore tariffs on solar imports from Malaysia, Cambodia, Thailand and Vietnam is aimed at boosting domestic solar manufacturers who say they cannot compete with cheap products made overseas. Panels from the four nations, which host manufacturing facilities owned by Chinese companies, account for about 80% of U.S. supplies.

"Today's bipartisan vote holds China accountable for violating our trade laws and scores a big win for American solar manufacturers and workers," Representative Bill Posey, a Republican who sponsored the resolution, said in an emailed statement.

Biden last year waived tariffs on solar products from the four nations as the Commerce Department was considering whether those imports were dodging duties on goods made in China and violating U.S. law.

Months later, the department issued a preliminary decision to impose tariffs on solar products Chinese companies make in those countries that match current tariffs on goods they make in China. Commerce said this week that it would make its final decision in August. It had originally been expected next week.

A solar trade group, the Solar Energy Industries Association (SEIA), said the legislation would impose $1 billion in tariffs and cause 30,000 job losses in the industry. The group said Biden's waiver is a "strategic bridge" that allows domestic manufacturing time to ramp up to a level needed to supply U.S. projects.

© Reuters. FILE PHOTO: Plants grow through an array of solar panels in Fort Lauderdale, Florida, U.S., May 6, 2022.   REUTERS/Brian Snyder/File Photo

"We are urging senators to see through this political charade and examine the facts at hand," Abigail Ross Hopper, SEIA's president, said in a statement.

The measure was introduced by Republicans and Democrats in January under the Congressional Review Act (CRA), a law that allows Congress to reverse federal agency rules.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.