Dive Brief:
- The Trump administration on Friday eliminated a tariff exclusion announced in June for a growing solar technology as part of the White House’s efforts to reduce the impacts of tariffs on U.S. manufacturing, in place since January 2018.
- Bifacial panels absorb light more efficiently by being double sided, but the technology is in its early stages and is developed by foreign manufacturers like JinkoSolar and Canadian Solar. While U.S. solar manufacturers saw a brief boost in stocks on Monday from the announcements, analysts warned the policy reversal could have an adverse effect on solar deployment.
- The technology will be subject to a 25% tariff starting Oct. 28, according to the notice from the Office of the U.S. Trade Representative.
Dive Insight: