President Joe Biden loosened tariffs placed on solar panel imports by the Trump administration Friday, paving the way for Chinese companies to produce more panels for American consumers.
Biden issued a proclamation Friday morning, increasing the tariff-rate quota on solar equipment, or the amount of solar panel components Chinese manufacturers can send to the U.S. before receiving a penalty. The action means Chinese solar cell makers may send up to 5 gigawatts (GW) of capacity, double the previous amount of 2.5 GW, to the U.S. before being hit with a levy.
The White House action also exempts bifacial solar panels, or panels that absorb sunlight from both sides. Such panels, which are increasingly common, are often used in industry-scale projects and are believed to be the “future of the industry.”
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