Trump slaps tariffs on imported washing machines, solar panel technology !!!
At last fair trade !
For washers, the president approved a safeguard tariff-rate quota for three years starting with a 20 percent rate on the first 1.2 million units. A tariff of 18 percent will apply in the second year and 16 percent in the final year of action on washers from all countries except Canada. Imports after the first 1.2 million units will face a tariff of 50 percent in the first year and fall to 40 percent in the third year.
On Monday, Sen. Sherrod Brown (D-Ohio) called the decision “welcome news for the thousands of Whirlpool workers in Clyde, Ohio, whose jobs have been threatened by a surge of cheap washers.”
“These tariffs will help level the playing field, and show anyone who tries to cheat our trade laws that they won’t get away with it,” said Brown who spoke with Lighthizer before the decision was announced.
But the penalties on washing machines fell short of what Brown’s fellow Ohio Sen. Rob Portman ®, who has worked for years on the washer case, had asked the Trump administration to impose.
For solar cells and modules, the relief will include a tariff of 30 percent in the first year, 25 percent in the second year, 20 percent in the third year and 15 percent in the fourth year.
The first 2.5 gigawatts of imported solar cells will be exempt from the safeguard tariff in each of those four years.
Suniva and SolarWorld Americas, the bankrupt companies that requested the tariffs, say the decision should help grow domestic manufacturing and add more than 100,000 jobs.
Suniva said the move would hold “China and its proxies accountable."
“Over the last five years, nearly 30 American solar manufacturers collapsed,” Suniva said in a statement.
"Today the president is sending a message that American innovation and manufacturing will not be bullied out of existence without a fight,” the company said. “This is a step forward for this high-tech solar manufacturing industry we pioneered right here in America.”
Alliance for American Manufacturing President Scott Paul applauded the Trump administration’s actions.
“These workers and manufacturers make some of the best products in the world and have been innovation leaders,” Paul said.
“But they cannot compete against surging unfair imports from countries like China, which are dumping product into the United States in an attempt to put American companies out of business and control the global marketplace,” he said. http://thehill.com/policy/finance/370193-trump-slaps-tariffs-on-imported-washing-machines-solar-panel-technology