Biden proposes veto of solar tariff bill

 

President Joe Biden has pledged to veto legislation passed by both the House and the Senate that would reinstate tariffs on solar panels from Cambodia, Thailand, Malaysia and Vietnam.

 

The tariffs were originally meat to be imposed after a Commerce Department investigation uncovered solar manufacturers circumventing duties but were suspended under a two-year moratorium from the White House. Congress used the Congressional Review Act to attack the moratorium. The House voted 221 to 202 to rescind the moratorium and the Senate followed suit by a 56 to 41 margin. Several Democrats in both chambers joined Republicans in the votes, but the margins are still well short of the votes needed to overcome a promised veto from Biden.

 

If imposed, the tariffs could significantly affect solar projects leveraging the new tax credits under the Inflation Reduction Act.

 

 

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