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WASHINGTON, D.C. — Yesterday, the Biden administration introduced the outcomes of its statutorily-mandated overview of the Part 301 tariffs on China.
Following is an announcement from Abigail Ross Hopper, president and CEO of the Photo voltaic Vitality Industries Affiliation (SEIA) on the administration’s announcement:
“SEIA commends the Biden administration for taking motion to assist the continued construct out of U.S. photo voltaic and storage manufacturing. We’re evaluating the announcement to find out its full influence, however it’s clear that a number of of those selections will assist enhance the enterprise circumstances for American producers.
“The Administration was considerate to incorporate a tariff exclusion course of for key equipment that firms have to manufacture photo voltaic elements in the US. A brief tariff exclusion will assist scale back manufacturing prices and incentivize elevated funding in home manufacturing.
“We’re additionally happy that the Administration will delay the tariff enhance on batteries for vitality storage techniques. This transfer gives a runway for continued manufacturing and deployment of vitality storage to fulfill rising demand for electrical energy.
“We need an American-made solar and storage economy, and the Inflation Reduction Act (IRA) has brought us closer to that vision than any policy in history. Today’s announcement from the Biden administration will continue this progress, and SEIA is committed to finding additional solutions and equitable trade policy to establish the United States as the new global leader for clean energy manufacturing.”
Press launch from UNTIL®.
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