NEW YORK, Nov 16 (Businesshala) – A US judge overseeing trade issues on Tuesday overturned former President Donald Trump’s decision to allow tariffs on some imported solar panels.
US Court of International Trade Judge Gary Katzman’s ruling is a defeat for some domestic manufacturers.
It came a year after he ruled here that Trump’s October 2020 decision to revoke tariff exemptions for two-sided, or bi-lateral, solar panels did not comply with an earlier court order.
Trump’s proclamation was a “clearly incorrect formulation” of a law intended to liberalize trade, and “constituted an action outside the delegated authority of the president,” Katzman wrote.
Shares of some US solar panel makers fell after the decision. First Solar Inc. was down 8.6% in afternoon trading, while SunPower Corp. was down 2%.
A trade group, the Solar Energy Industries Association, and some developers challenged Trump’s announcement last December, accusing him of reintroducing tariffs without previously taking necessary procedures.
Bifacial technology is a small but growing segment of the solar panel market, which costs more but is capable of producing more electricity than conventional panels. (Reporting by Jonathan Stempel in New York; Editing by Steve Orlofsky)