Trump Imposes Tariffs On Foreign Washing Machines And Solar Equipment

On Monday, the Trump administration announced the imposition of a 30% tariff on foreign solar panel equipment (cells and modules), and a 20% tariff on a number of washing machines.

Here’s how the tariffs will work. The 30% solar tariff will will drop to 25% after the first year, then it will continue to drop before eventually “phasing out entirely,” reports The Hill. Additionally, “the first 2.5 gigawatts of imports each year are exempt.”