Solar buying from India, China rises as US imposes steel tariffs

Solar buying from India, China rises as US imposes steel tariffs
05/03/2019 , by , in ALLIED

Among US solar companies, the pain of the tariffs on raw material imports has been especially acute for racking companies that source the equipment needed to affix solar panels to the ground or atop roofs, according to Bloomberg. Among US solar companies, the pain of the tariffs on raw material imports has been especially acute for racking companies that source the equipment needed to affix solar panels to the ground or atop roofs, according to Bloomberg.

The US administration imposed a tariff on steel and aluminium imports last year to get companies to buy more American metal. In some ways, the duty has the US solar business doing the exact opposite as US companies have started buying completed racks from abroad in order to avoid the tariffs on raw material, according to Bloomberg.

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