Biden waives solar panel tariffs for four countries, invokes defense law [Toronto Globe and Mail (Ontario, Canada)]
SunPower Corporation (SPWR)
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Source: Toronto Globe and Mail
U.S. President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home, the White House said on Monday, confirming a Reuters report. The tariff exemption applies to panels from Cambodia, Malaysia, Thailand and Vietnam and will serve as a “bridge” while U.S. manufacturing ramps up, the White House said. Shares in U.S. solar companies including SunPower Corp., Enphase Energy Inc. and Sunrun Inc. climbed after Reuters earlier reported that Biden would issue a proclamation that ensured panels accounting for some 80 percent of U.S. imports would not face tariffs, which could have been levied retroactively as part of a Commerce Department probe. The move comes in response to concerns about a freezing of solar projects nationwide and the resulting impact on the administration’s plans to fight climate change. The investigation, announced in March, is considering whether solar pane
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SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/27/24 - Form 144
- SPWR's page on the SEC website