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Why Trump Is Taxing Solar Panels Imported by U.S.

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Trump Slaps Tariffs on Solar Panels and Washing Machines

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President Donald Trump is imposing tariffs on solar equipment made outside the U.S. for four years, acting on a trade dispute raised by two solar manufacturers. The U.S. solar industry has largely opposed tariffs, warning that they could cause thousands of jobs cuts and threaten billions of dollars of investments in the industry. But Trump may just be getting started on tariffs.

The so-called safeguard tariff on imported solar modules and cells starts at 30 percent in the first year, declines to 25 percent in the second, 20 percent in the third and ends at 15 percent in the fourth. The first 2.5 gigawatts of imported solar cells will be exempt from the tariff each year. Trump also directed the U.S. Trade Representative to hold discussions that could resolve a separate solar trade dispute that the U.S. has had with China since at least 2012.