33 C
Ho Chi Minh City
Sunday, June 16, 2024

U.S. exempts tariffs on solar panel imports from Vietnam

The Saigon Times

Must read

HCMC – The United States has waived tariffs on solar panel imports from four Southeast Asian nations, including Vietnam, for 24 months to spur its clean energy manufacturing, U.S. President Joe Biden announced on June 6.

The import tariff exemption applied to solar panels from Vietnam, Cambodia, Malaysia and Thailand is aimed at ensuring U.S. solar power generation scales up, the local media reported, citing the White House.

The U.S. president also invoked the Defense Production Act (DPA) to drive up the domestic manufacturing of solar panels.

Clean power technologies play a key role in lowering electricity bills for families and reducing the risk of power supply in the United States, according to the White House.

As such, the United States aims to triple the generation of solar power to 22.5 gigawatts by 2024 to supply it to 3.3 million households at home each year.

DPA had earlier been invoked to fight the Covid pandemic through the production of medicines and medical equipment.

More articles


Please enter your comment!
Please enter your name here

Latest articles