Trump imposes steep tariffs on imported solar panels, washing machines

Donald Trump.
(Image credit: Saul Loeb/AFP/Getty Images)

President Trump on Monday, acting on recommendations by the U.S. International Trade Commission, approved steep new tariffs on solar panels and washing machines.

The Trump administration says that by placing a tariff of 30 percent on most imported solar modules and a tariff of up to 50 percent on large residential washing machines, this will help American companies. Both tariffs will be phased out by 2022.

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