United States to get rid of guard tariffs on solar imports from Canada
- The US as well as Canada have agreed on a memorandum of understanding (MoU) to solve a dispute on trade in solar products, where the US will remove its safeguard tariffs on solar items from Canada.
The MoU will certainly be joined Friday by US Trade Representative Katherine Tai and also Mary Ng, Canada's Minister of International Trade, Export Promotion, Small Business as well as Economic Development, the Office of the USA Trade Representative (USTR) introduced on Thursday.
The agreement comes after Canada won a disagreement panel under the Canada-United States-Mexico-Agreement (CUSMA) earlier in 2022.
In 2018, former Head of state Donald Trump introduced Section 201 tariffs on imports to the United States of crystalline silicon photovoltaic components, consisting of from Canada. According to a Canadian government news, ever since, Canadian exports of solar items to the United States have dropped by as much as 82%.
"This arrangement will certainly bring stability and also predictability to our renewable resource market as well as enhance North American competition. It is a clear recognition of Canada's area as a leader in the battle against climate modification, and that Canadian producers of solar modern technology will remain to provide worldwide markets at an increasing rate," minister Ng claimed in a declaration on Thursday.
USTR said the MoU includes a device to ensure that imports from Canada do not undermine the existing US safeguard step on solar imports.