US plans to restore tariffs on some solar tech

Protective measure: An employee works on solar panels at the QCells factory in Dalton, Georgia. The company is facing competition from cheaper products from Asia. — Reuters

WASHINGTON: The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans say.

The news sent shares of solar manufacturers including US-based First Solar higher in afternoon trade.