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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Union Min. HDK announces Rs15,000 cr revival plan for Bhadravati Visvesvaraya Iron & Steel Factory
Mandya (Karnataka) Dec 22: Union Minister for Heavy Industries and Steel, H D Kumaraswamy, announced on Sunday plans to revive the Sir M Visvesvaraya Iron and Steel Factory in Bhadravati with an estimated investment of Rs 15,000 crore.
Speaking at the 87th All India Kannada Literary Conference in Mandya, the Minister stated that this decision aligns with the Modi government's efforts to address unemployment and focus on industrial growth in Karnataka.
The Minister highlighted the historical significance of the Bhadravati factory, established under Mysuru Maharaja Nalvadi Krishnaraja Wadiyar and Bharat Ratna Sir M Visvesvaraya. Once a source of employment for thousands and a livelihood for lakhs, Kumaraswamy expressed confidence that the glorious days of the steel factory would soon return. "Prime Minister Narendra Modi has entrusted me with the critical responsibilities of the Heavy Industries and Steel portfolios. I am working diligently to ensure these responsibilities benefit Karnataka," said Kumaraswamy.
Responding to MLA Dinesh Gooligowda's request to establish an IIT near KRS in Mandya, the Minister assured that the proposal would be examined thoroughly. "I will discuss this matter with the relevant Union Ministers. Karnataka already has one IIT, and I strongly believe we need another. Let us all work together to bring another IIT to our state, and I seek everyone's support for this," he added.
The Minister emphasised his deep connection with Mandya, calling it a land of Kannadigas, and expressed his happiness in participating in the conference. "I am here not just as a Union Minister but as a proud Kannadiga," he said.
Kumaraswamy addressed the concerns raised by the conference's president, Go Ru Channabasappa, about promoting Kannada and implementing bilingual education policies over trilingual ones. He acknowledged the challenges faced by rural parents in balancing the preservation of Kannada with their children's future aspirations in a competitive global environment. "This is a complex issue, and we must collectively find solutions to address the anxieties of parents," he said.
The Minister also expressed his concern over the declining interest in Kannada-medium education due to societal pressures and the competitive mindset of rural parents. Reflecting on his tenure as Chief Minister, he said, "When I served as Chief Minister, I initiated the establishment of 1,000 public schools to equip rural children to compete with their urban counterparts while emphasising Kannada in education."
Sharing his passion for literature, Kumaraswamy said, "I was deeply moved after reading the epic novel 'Durgastamana' by Ta Ra Subba Rao. "It's a masterpiece that vividly narrates the end of Madakari Nayaka, evoking emotions that can move even the most unyielding souls."
He also expressed admiration for the works of Vyasaray Ballal, including novels like 'Channabhairadevi' by Gajanana Sharma, 'Swapna Saraswata' by Gopalakrishna Pai, and 'Swatantryada Ota' by Bolwar Mohammed Kunhi, which have inspired him deeply.
Reflecting on the evolution of Kannada cinema, Kumaraswamy said, "As someone from the Kannada film industry, I have noticed a stark difference between the stories of the past and the present. It saddens me to see some films failing to address societal concerns. We need more films with good values, meaningful stories, and a positive impact on society."
He reminisced about legendary songs like Dr Rajkumar's 'Haalina Holeyo... Jenina Maleyo', which has left a lasting impression on him. He called for films that preserve the essence of relationships, foster peace, and revive the cultural harmony of rural Karnataka. "We need to bring back the days when communities dined together and celebrated unity," he said.
Wishing a long life to conference president Go Ru Channabasappa, Kumaraswamy said, "May he live beyond 100 years, as foretold by astrologers. He is like a father figure to me, and his life continues to inspire us all. Let us hope his wisdom and guidance remain with us for many more years."
The Minister concluded his address with a heartfelt appeal to preserve the Kannada language, culture, and unity, reiterating his commitment to Karnataka's development and welfare.
