Industry leaders in panic as Congress pushes to impose tariffs on Chinese solar panels
A Chinese solar-panel worker in 2015 / Getty Images The green energy industry is scrambling as Congress pushes forward with legislation that would impose costly tariffs on Chinese solar panels, a move that industry leaders say would cripple their business given their overwhelming reliance on cheap Chinese suppliers.
The House on Friday passed a bipartisan bill to restore tariffs on Chinese solar panels sold out of Southeast Asia, tariffs that President Joe Biden suspended last year in an attempt to “satisfy the demand for reliable and clean energy.” The legislation has already garnered support among some Senate Democrats, reflecting s significant possibility that the bill will become law.
For the green energy industry, that possibility marks a full-blown disaster.China controls more than 80 percent of the world’s solar panel production, a figure that hasn’t waned as […]
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