February 4, 2023

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Biden’s Green-Energy Industrial Policy – WSJ

1 min read

Donald Trump abused his national security power by slapping tariffs on steel and aluminum imports to support domestic producers. Now President Biden is stealing from his predecessor’s industrial policy guidebook by invoking the Defense Production Act to boost domestic green energy. Don’t laugh—the White House wants to make solar panels and heat pumps to stop Vladimir Putin.

In rare good news, the President on Monday brought a sigh of relief to U.S. solar-power developers by announcing he wouldn’t impose tariffs for two years on imported solar panels from southeast Asia. Domestic manufacturers say their Chinese competitors are circumventing anti-dumping duties, and a Commerce Department investigation threatened to raise costs for solar projects in which U.S. firms add value.

2022-06-06 18:58:00

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