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Trump issues tariffs on imported solar panels

solar panels
JEAN-FRANCOIS MONIER/AFP/Getty Images

The Trump administration just approved tariffs of 30% on imported solar panels.

Why it matters: Most of the American solar industry has opposed tariffs on panels, saying they would raise prices and hurt the sector. A small group of solar panel manufacturers argued — successfully — that an influx of cheap imports, largely from China or Chinese-owned companies, was hurting domestic manufacturing. It's also part of President Trump's broader trade agenda against China.