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WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, marking his first moves to erect trade restrictions under seldom-used trade laws that allow unilateral actions.
The decisions in the two “Section 201” safeguard cases followed findings by the U.S. International Trade Commission that both imported products “are a substantial cause of serious injury to domestic manufacturers,” U.S. Trade Representative Robert Lighthizer said in a statement.
Trump will impose a 20 percent tariff on the first 1.2 million imported large residential washers in the first year, and a 50 percent tariff on machines above that number. The tariffs decline to 16 percent and 40 percent respectively in the third year.
A 30 percent tariff will be imposed on imported solar cells and modules in the first year, with the tariffs declining to 15 percent by the fourth year. The tariff allows 2.5 gigawatts of unassembled solar cells to be imported tariff-free in each year.
originally posted by: TheScale
well im not sure who buys solar panels from overseas considering the pricing is practically the same right now except canadian or american made come with a far better warranty then anything from overseas unless its europe who also have very nice panels.
originally posted by: anonentity
a reply to: worldstarcountry
Yep its true that China subsidizes, the Communist postal system, is good. I bought a E bike motor from Hong Kong, free postage ...by air it came to my door within a week. I always look for stuff from the USA, but the postage is as expensive as the cost of the goods. So if Trump puts levies on Chinas goods, they will just make them cheaper, and any factory making them in the USA will be fully automatic, and wont help the average person one iota.
We are in a post industrial society, which means a lot of people will not be participating in the Capitalist society.
originally posted by: soundguy
Gotta love moron right wingers celerating the fact that they are now going to be taxed 50% more when they buy a washer. a reply to: worldstarcountry
originally posted by: Nyiah
I dunno man, I think I'd still prefer foreign-made over US despite the tariff-supplied mark-up. Granted a few of Maytag's models are US-made, my pair is actually not, and has only needed minor maintenance from my own hands over the years. The constant breakdowns I hear from my "Buy Americaaaan!" friends who DID are just pathetic. Not the buyers, but the American-made "quality". US-made GE in particular comes across as absolute trash, many I know are firmly in the "Never again" camp there. I'd....rather not. Bigger headache than it's worth just being on the outside looking in.
originally posted by: Annee
originally posted by: Nyiah
I dunno man, I think I'd still prefer foreign-made over US despite the tariff-supplied mark-up. Granted a few of Maytag's models are US-made, my pair is actually not, and has only needed minor maintenance from my own hands over the years. The constant breakdowns I hear from my "Buy Americaaaan!" friends who DID are just pathetic. Not the buyers, but the American-made "quality". US-made GE in particular comes across as absolute trash, many I know are firmly in the "Never again" camp there. I'd....rather not. Bigger headache than it's worth just being on the outside looking in.
One of my jobs was working with a Quality Control consultant at Nissan. He had a hell of a job, because they refused to cut corners or lower quality.
I buy American when I can, if it makes sense. It does not always make sense.
originally posted by: soundguy
Gotta love moron right wingers celerating the fact that they are now going to be taxed 50% more when they buy a washer. a reply to: worldstarcountry