Canadian Tariffs On Chinese Solar Panels

The president approved four years of tariffs that start at 30 percent in the.

Canadian tariffs on chinese solar panels.

A new tariff on cheaper chinese solar panels to appease ontario based manufacturers is hurting b c 8217 s solar installation industry. The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday. Last year canadian was subject to the standard duty rate for named companies. In january 2018 trump imposed tariffs on solar panels and washing machines of 30 to 50 percent.

Canada too has its protectionist. This year the chinese canadian pv maker was selected for study and could receive a combined import duty rate as high as 51 4 for its cells made in china. This corresponds to a recent analysis conducted by greentech media. The trump tariffs are a series of united states tariffs imposed during the presidency of donald trump as part of his america first economic policy to reduce the united states trade deficit by shifting american trade policy from multilateral free trade agreements to bilateral trade deals.

The sentiment is echoed by chinese producer longi green energy technology co. Most companies that is but not canadian solar. Prices of bifacial products about 50 more expensive than elsewhere and the exemptions now. Companies are finding ways to keep growing.

By year 4 the tariff s impact falls to only 0 04 to 0 05 per watt which results in less than a 2. Rose in 2018 but here s why that didn t happen. Tariffs have made u s. While the tariffs are designed to protect canadian solar panel manufacturers four of whom initiated the federal review by complaining about cut rate chinese panels the damage to employment.

One of the companies found to have dumped panels here is the chinese arm of canadian solar inc whose headquarters is in guelph ont and which has two canadian panel making plants in addition. For a typical american homeowner that represents only a 3 to 4 increase in the cost of a solar panel installation.