Solar names (NYSEARCA:TAN) fell broadly in today's trade after the Biden administration backed former President Trump's stance on solar tariffs in a Monday filing with the U.S. International Court of Trade, marking a potential setback to clean power developers.

The new administration asked the court to dismiss a complaint from some solar industry members arguing that Trump's October proclamation that placed tariffs on two-sided solar panels was unlawful.

The Trump administration "acted lawfully and fully within his authority" when he killed a tariff exemption for bifacial solar "by closing a loophole that the President determined had been undermining the effectiveness of the safeguard measure on solar products."



Edited 1 time(s). Last edit at 03/03/2021 09:00AM by samintx.

A broken clock is right twice a day.

The prior administration might have been right on some issues, but few are likely to have been for the best of intentions.



Edited 1 time(s). Last edit at 03/03/2021 10:53AM by sekker.

Quote
sekker
A broken clock is right twice a day...

All that they argued was that 45 had the right to create/enforce tariffs under international law.

Had they not done so, the court may well have determined that the tariffs were unlawful and therefore merited sanctions against us.

You're gonna find this country making similar arguments for a lot of stuff.

What's legal isn't always what's right.

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A targeted tariff to support a budding industry that's being aggressively undercut seems an acceptable use.