Trump imposes tariff on imported solar cells, washing machines
Washington: President Donald Trump has slapped high tariffs on import of solar cells and washing machines to protect the American market badly hit by products from countries like China and South Korea.
The move is in line with President Trump's "America First" trade policy.
The US Trade Representative (USTR) made the recommendations to the President based on consultations with the inter agency Trade Policy Committee (TPC) in response to findings by the independent, bipartisan US International Trade Commission (ITC) that increased imports of washers and solar cells and modules are a substantial cause of serious injury to domestic manufacturers.
A spokesman said the administration would "always defend American workers, farmers, ranchers and businessmen".
"These cases were filed by American businesses and thoroughly litigated at the International Trade Commission over a period of several months," said USTR Robert Lighthizer.
"The ITC found that US producers had been seriously injured by imports and made several recommendations to the President," he said.
The USTR said injury to US washing machine manufacturers stems from a sharp increase in imports that began in 2012.
The ITC found that imports of large residential washers increased "steadily" from 2012 to 2016, and that domestic producers' financial performance "declined precipitously."
The relief will include a tariff of 30 per cent in the first year, 25 per cent in the second year, 20 per cent in the third year, and 15 per cent 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.
The US Trade Representative will engage in discussions among interested parties that could lead to positive resolution of the separate antidumping and countervailing duty measures currently imposed on Chinese solar products and US polysilicon, it said.
According to USTR, the goal of those discussions must be fair and sustainable trade throughout the whole solar energy value chain, which would benefit US producers, workers, and consumers.
Shares in Whirlpool rose 2.5 per cent on the news, and it immediately announced it would employ 200 more people. Shares in US solar panel manufacturers also went up.
Environmentalists argue that making solar panels more expensive risks holding back the development of renewable energy in the country.
China and South Korea have reacted angrily to the news.
South Korea said it would complain to the World Trade Organization (WTO), calling the tariffs "excessive" and "regrettable". Its manufacturers, including Samsung and LG, compete in the washing machine market with US firms such as Whirlpool.
Samsung called the tariffs "a tax on every consumer who wants to buy a washing machine".
Meanwhile China, the world's biggest solar panel manufacturer, said the move would further damage the global trade environment.
China is the US's biggest trading partner and government spokesman Wang Hejun said that Beijing expressed "strong dissatisfaction" with the US move.
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Noida International Airport appoints Nitu Samra as interim CEO
New Delhi (PTI): Noida International Airport on Friday announced the appointment of its Chief Financial Officer Nitu Samra as the interim Chief Executive Officer after authorities denied permission for foreign national Christoph Schnellmann to be at the helm.
"This change follows directions issued by the Bureau of Civil Aviation Security (BCAS) that the Chief Executive Officer of an airport in India is required to be an Indian national," NIA said in a statement.
Samra will replace Schnellmann, a Swiss national who has led Noida International Airport (NIA) as the CEO since August 2020.
The regulatory issue related to the requirement of having an Indian national as CEO has been delaying the start of commercial operations of the airport, which was inaugurated by Prime Minister Narendra Modi on March 28.
Schnellmann will join the airport's Board of Directors as Executive Vice Chairman. In this role, he will continue to support the project and its transition to operations, the statement said.
With immediate effect, NIA said Samra has been appointed as the CEO on an interim basis until the Board of Directors can conclude a formal selection process.
Samra has been serving as the CFO since October 2021 and was closely involved in the airport’s development journey, overseeing financial stewardship, governance, and strategic planning during a key phase of the project, the statement added.
NIA will be operated by Yamuna International Airport Pvt Ltd (YIAPL), a subsidiary of Zurich Airport International AG, under a public-private partnership.
Originally scheduled to commence passenger services in September 2024, NIA is being developed in four phases, along with a dedicated cargo terminal. It received an aerodrome license from the aviation regulator Directorate General of Civil Aviation (DGCA) in March.
YIAPL Chairman Daniel Bircher said that since the inauguration of the airport by the Prime Minister, the goal was to enable the start of operations as early as possible.
"This management change brings the airport into compliance with Bureau of Civil Aviation Security requirements while maintaining continuity in the airport’s leadership team. The newly structured team will support a smooth transition into operations, guided by clear and transparent governance and a strong corporate culture," he said.
On March 28, Civil Aviation Minister K Rammohan Naidu said commercial flight operations from the airport would start in the next 45 to 60 days.
Among the largest greenfield airport projects in the country, NIA will initially have a capacity to handle 12 million passengers per annum.
Once fully developed, the airport will have a total passenger handling capacity of 70 million.
The first phase of NIA has been developed at an investment of around Rs 11,200 crore. 'DXN' is the code for the airport.
The airport features a 3,900-metre runway capable of handling wide-body aircraft, along with modern navigation systems, including Instrument Landing System (ILS) and advanced airfield lighting.
The peak handling capacity in the first phase will be 30 flights per hour.
In the first phase, there will be 28 aircraft stands, and the projected cargo capacity is around 2.5 lakh tonnes.
Terminal 1 of the airport is spread across 1,37,985 square metres with 48 check-in counters. Over 40 acres of land have been earmarked for developing MRO (Maintenance, Repair and Overhaul) facilities at the airport.
