Oct 31, 2017

Trade panel recommends solar module tariffs

Guy Morris, project manager for the Tampa Electric Company's Big Bend Solar Station, adjusts some of the solar panels. Photo: Chris O'Meara / AP

The International Trade Commission is recommending imposing tariffs up to 35% on solar module imports, shortly before the commission is due to make recommendations to Trump on the dispute, Bloomberg reports. Trump himself is to make the final call on tariffs.

Breaking that down: The winners here would be Suniva, which brought the case, along with SolarWorld. They're both foreign-owned. Much of the solar industry opposes tariffs, since they say inexpensive foreign panels have led to more jobs and enabled wider growth of solar power.

Go deeper: The solar groups that took out ads on Trump's favorite shows ... the ITC ruling that solar manufacturers hurt by imports

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 1,056,777 — Total deaths: 55,781 — Total recoveries: 221,262Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 257,773 — Total deaths: 6,069 — Total recoveries: 9,311Map.
  3. Politics latest: Lawmakers on both sides of the aisle are worried about the difficulties of delivering the $2.2 trillion in stimulus aid.
  4. Jobs update: The U.S. lost 701,000 jobs in March, but the new report doesn't reflect the height of the virus' impact on the economy.
  5. World update: About half of the deaths worldwide are in Italy and Spain, with fatalities exponentially increasing across Europe.
  6. Social media: Bored athletes take to Instagram to connect with fans during coronavirus shutdown.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Coronavirus puts ambitious plans for self-driving cars on the shelf

Illustration: Sarah Grillo/Axios

In two weeks, the coronavirus has brought the entire U.S. auto industry to a screeching halt. When it finally sputters back to life, many companies may be forced to change, defer — or even abandon — their ambitious plans for self-driving vehicles.

The big picture: Auto factories are shut down across North America to prevent the spread of the virus among workers, while stay-at-home orders have kept car shoppers away from showrooms. The resulting financial shock means carmakers have shifted their focus to survival, not investing in expensive technologies with no clear payoff.

Skepticism rises over government's small business bailouts

Illustration: Aïda Amer/Axios

America today launched its $350 billion bailout for small businesses, and already there is widespread skepticism that the program will run smoothly or be large enough to meet demand.

What's new: House GOP leader Kevin McCarthy yesterday said that the affiliation rule will be waived for any company with less than 500 employees that doesn't have a controlling outside shareholder, thus making most VC-backed startups eligible for PPP loans. This was based on a conversation he'd just had with Treasury Secretary Steven Mnuchin.