Donald Trump kills a tariff loophole in latest blow to renewable energy | World News, The Indian Express

Donald Trump kills a tariff loophole in latest blow to renewable energy | World News, The Indian Express

By Bloomberg |Published: October 5, 2019 5:14:28 pm

Donald Trump kills a tariff loophole in latest blow to renewable energy

The U.S. Trade Representative said Friday it was eliminating a loophole granted about four months ago for bifacial solar panels, which generate electricity on both sides. They’ll now be subject to the duties Trump announced on imported equipment in early 2018, currently at 25%.

XPhotovoltaic cells sit on solar panels in the Novosergiyevskaya solar park, operated by T Plus, a unit of Renova Group, in Orenburg, Russia, on Wednesday, Nov. 14, 2018. The Orenburg region is one of the leading places in the development of Russian solar energy. Photographer: Andrey Rudakov/Bloomberg

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration dealt a fresh blow to renewable energy developers on Friday by stripping away an exemption the industry was counting on to weather the president’s tariffs on imported panels.