• Pin It
  • Pin It

U.S. imposes contentious tariffs on cheap imports

Jan 23, 2018, 6:27 AM EST
(Source: Alan Patrick (Otto) Alpenfelt/flickr)
(Source: Alan Patrick (Otto) Alpenfelt/flickr)

In a move that aligns with President Donald Trump’s “America First” trade policy, the U.S. has slapped new tariffs on imported washing machines and solar panels to shield domestic manufacturers against cheap products.

The action incensed China and South Korea, whose manufacturers will bear the brunt of the controversial tariffs while environmentalists viewed costlier solar panels as a negative development for clean energy in the U.S., writes the BBC.

The U.S. officials said that a raft of trade-enforcement actions will follow in coming months as domestic businesses seek relief from a deluge of cheap imports, notes The Wall Street Journal

YOU MIGHT ALSO LIKE