The Trump administration slaps 30% tariff on imported solar panels by on Jan 22, 2018, 5:57 PM Advertisement
 - The White House approved a 30% tariff on imported solar panels.
- The tariff will apply only to solar cells and modules above 2.5 gigawatts.
WASHINGTON (Reuters) - President Donald Trump has approved recommendations to impose safeguard tariffs on imported large residential washing machines and imported solar cells and modules, U.S. Trade Representative Robert Lighthizer said on Monday. The decision followed findings by the U.S. International Trade Commission that both imported products “are a substantial cause of serious injury to domestic manufacturers,” Lighthizer said in a statement. A 20 percent tariff will apply on the first 1.2 million imported washers in the first year and a 50 percent tariff on machines above that number. A 30 percent tariff will be imposed on imported solar cells and modules above 2.5 gigawatts in the first year. SEE ALSO: At least 40% of the world's power will come from renewable sources by 2040 — here are the companies leading the charge
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