10% for the big guy.
There’s been a pitched battle in and out of the Biden administration about whether to keep President Trump’s solar tariffs in place. John Kerry was the biggest advocate for taking them down in order to “save the planet.” While the tariffs are staying in place on paper, Kerry got a lot of what he wanted.
So did Communist China.
The Biden administration said Friday it would extend a set of tariffs on solar-energy imports for four years, but significantly reduce their scope by doubling the amount of solar cells that can enter the U.S. without facing any levies.
The tariffs apply to imports of solar cells and modules globally. About two-thirds of the familiar solar modules that go on rooftops and utility installations are made in China, and about 15% are manufactured by countries in Southeast Asia, often at Chinese-owned companies, according to the data from IHS Markit. U.S. producers make about 2%.
There’s no real surprise here. Forget the global warming nonsense here.
A big chunk of lefty donors are heavily invested in green energy. Depending on the nature of those investments, Trump’s tariffs hit them, as well as China. Now the green energy cartel can go back to selling out the country while claiming that they’re doing it to save mankind.
Biden is bypassing the government’s own recommendations to leave the tariffs in place.
In taking the action, the Biden administration is ignoring certain aspects of a recommendation made by the International Trade Commission, a U.S. government body that advises Congress and the White House on tariff policy.
In December, the ITC had recommended maintaining both the tariffs and the existing quota level of 2.5 gigawatts of solar cells. The Biden administration instead doubled the quota level to 5 gigawatts, allowing a significant chunk of imports to avoid the levies.
The only question is how much Hunter Biden art did they buy. And how much the big guy gets.