Us policy watch: White House adjusts pv import tariff policy House passes industry subsidy bill

2022-07-13 0 By

Financial Union (Shanghai, editor Shi Zhengcheng) news, local time Friday, the United States White House and Congress have disclosed two issues closely related to global science and technology and advanced manufacturing, is expected to have an impact on global industry chain companies.The White House confirmed Friday that it will extend the expiring tariffs on solar panels for another four years, but the good news for overseas solar manufacturers is that the scope of the tariffs will be reduced.The latest move also shows Biden trying to balance two important political forces: labor unions who want to protect domestic jobs by cutting imports, and clean-energy developers who want to buy foreign goods at lower prices.In Friday’s announcement, Mr. Biden made two more significant changes to the photovoltaic import tariff policy.The first is to exclude bifacial panels, which, as the name suggests, generate electricity from both sides and are favored by many big infrastructure developers.Separately, the White House announced it would raise the threshold for protective tariffs from 2.5GW of imports to 5GW, adding duty-free supplies from neighbouring Canada and Mexico.The new pv import tariffs will take effect on Feb 7.The house of Representatives passed an industry subsidy bill, which many semiconductor manufacturers are eyeing, and there is progress on industry subsidies.The U.S. House of Representatives passed the 2022 America Competes Act on Friday (local time) by a 222-210 vote.In Friday’s vote, one Republican and one Democrat each voted with their party against the legislation, but overall the legislation was pushed unilaterally by Democrats.To be sure, the Innovation and Competition Act, passed by the Senate last June, also supports $52 billion in semiconductor manufacturing and research, but has other provisions that are different. For example, the House version of the bill includes $45 billion over six years to ease supply chain problems.The two chambers then need to sit down to work out a unified bill and vote on it again before it goes to Biden for his signature.House Speaker Nancy Pelosi also said before Friday’s vote that she intended to begin consultations with the Senate as soon as possible.Eu and US resume shellfish trade 241,049 new COVID-19 cases in France cumulative cases exceed 20.38 million Global Market Outlook: US CPI data Weighs expectations of rate hike Pfizer, Disney report Earnings Related article Biden lost?The trade war between China and the United States has already left the White House.79-year-old Biden gets bad news, loses his last edge and calls China again?Biden didn’t expect the US to shoot itself in the foot again and the situation is completely out of order!Biden must lift Tariffs on ChinaThere are strong voices in the United States that China has three trump cards: reprint this article for the purpose of conveying more information.If the source is wrong or violated your legitimate rights and interests, please contact the author with proof of ownership, we will promptly correct, delete, thank you.Email address: