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Biden to use executive action to spur solar projects hit by probe

June 06, 2022 / 7:43 AM
Sharjah24 - Reuters: President Joe Biden will use executive action on Monday to help bridge a solar panel supply gap and kickstart stalled U.S. projects after an investigation froze imports from key foreign suppliers, sources familiar with the matter said.
The moves come amid concern about the impact of the Commerce Department's months-long investigation into whether imports of solar panels from four Southeast Asian nations are circumventing tariffs on goods made in China.

Biden also will invoke the Defense Production Act to drive U.S. manufacturing of solar panels and other clean technologies in the future, with the support of loans and grants, the sources added.

"There is going to be this safe harbor timeout on the ... collection of duties, and that's at the heart of what's going to save all of these solar projects and ensure that they are going forward," said one source familiar with the White House's plans.

State governors, lawmakers, industry officials and environmentalists have expressed concern over the investigation, which could result in retroactive tariffs of up to 250 percent.
June 06, 2022 / 7:43 AM

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