US Imposes heavy duties on import of washing machines,Solar Cells

washington Jan 24: In a move to protect American market from imports from China and South Korea the USA president Trump had imposed heavy tariffs on imports of Washing machines and Solar cells.

The decision was taken after a recommendation was made by The US Trade Representative (USTR). USTR had found out that increased imports of washers and solar cells and modules are a substantial cause of serious injury to domestic manufacturers.

The International Trade Commission (ITC) has an also found out that US producers had been seriously injured by imports and made several recommendations to the President.The imports have increased significantly from 2012 to 2016 and the domestic companies financial capabilities went low.

"The relief will include a tariff of 30 percent in the first year, 25 percent in the second year, 20 percent in the third year, and 15 percent in the fourth year.Additionally, the first 2.5 gigawatts of imported solar cells will be exempt from the safeguard tariff in each of those four years" USTR said.