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U.S. government imposes tariffs and causes costs to rise

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Published by Mars October 07,2021

    A US solar energy industry organization warned that if the US Department of Commerce raises tariffs when the government vigorously promotes Solar Set For Home solar power generation, the promotion speed may be affected.

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    The Washington-based Solar Energy Industries Association said in a report on Monday that the association estimates that potential tariffs imposed on some imported goods from Malaysia, Vietnam and Thailand will increase costs and cause job losses. So that solar installations in 2022 and 2023 are nearly one-third lower than previous forecasts.

    At the same time, relevant data show that in the first half of this year, photovoltaic-related products imported from these countries accounted for more than 80% of the total US imports of photovoltaic products. In a speech at SEIA, Strata Clean Energy CEO Markus Wilhelm said: “This is the most serious industry threat that has been faced in the past 12 years.” He added that while more tariffs are imposed, the solar industry is facing higher The cost of steel and freight.

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    It is reported that the fight against increasingly severe climate change depends on increasing the use of solar energy. A recent study by the U.S. Energy Department found that by 2035, 40% of U.S. electricity will come from solar energy. Previously, as costs have fallen, solar installations in the United States have increased.

    Analyst Tara Narayanan (Tara Narayanan) said on Monday that although potential tariffs may not kill the industry, but "make all solar terminal products more expensive."

    Swinerton Renewable Energy President George Hershman (George Hershman) said at the SEIA meeting that some of the largest solar power producers have stated that because the prospects for the new tariffs are uncertain, they will not deliver products at this time.

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