White House paper suggests solar tariff support

Workers seen by solar panels of the Isyangulovo solar power plant in Zianchurinsky District, the Republic of Bashkortostan. Vadim Braidov/TASS Photo: Vadim Braidov\TASS via Getty Images

A White House document circulating within the Trump administration lays out a case for imposing new trade restrictions on imports of solar panel equipment from Asia, according to a report in Politico.

Why it matters: It's the latest sign that President Trump's hawkish trade stance toward China will soon lead to tariffs that U.S. solar energy developers fear will sharply drive up costs and curtail new project development.

The U.S. International Trade Commission (ITC) concluded in September that low-cost imports — many of which come from Chinese owned companies operating in Asia — were a cause of "serious injury" to domestic panel manufacturers.

The finding came in response to a petition from two financially distressed manufacturing companies, Suniva and SolarWorld.

What's next: The White House is slated to make a decision as soon as next month on whether to impose tariffs or perhaps some other forms of solar trade restrictions.

In November the ITC recommended tariffs that are less aggressive than what the petitioners sought. But the White House has wide latitude to decide what form of penalties, if any, to impose.

What's next

Pelosi slams McConnell trial rules as "deliberately designed to hide the truth"

Photo: Mark Wilson/Getty Images

House Speaker Nancy Pelosi (D-Calif.) claimed in a statement Tuesday that the rules Senate Majority Leader Mitch McConnell (R-Ky.) has proposed for President Trump's impeachment trial diverge from the Clinton precedent and show he has "chosen a cover-up" over a fair trial.

Context: McConnell made public an organizing resolution Monday laying out the terms for the trial, which include 24 hours over two days for each side to present their cases. It would block evidence discovered in the House impeachment investigation from being presented without a separate vote, and would delay a vote on whether to subpoena witnesses and documents until later in the trial.

Setting the scene for Super Bowl LIV

Illustration: Sarah Grillo/Axios

After a grueling four months of football, Patrick Mahomes has led the Chiefs out of the darkness and into the Miami sun, where the 49ers football machine awaits them in the Super Bowl.

"The Gunslinger"

Mahomes is 24 years old, arguably the best player in football and he just toppled Tom Brady as the top seller of NFL merchandise. A star has already been born — now he has the biggest stage in sports to showcase his brilliance.

Go deeperArrow2 hours ago - Sports

Exclusive: The Athletic raises $50 million

Adam Hansmann (left) and Alex Mather (right), co-founders of The Athletic. Photo: Steph Gray, courtesy of The Athletic

The Athletic, a subscription-based digital sports media company, has raised $50 million in a Series D funding round, executives tell Axios.

  • With this investment, the company has raised a total of $139.5 million since its launch in 2016 and is valued at roughly $500 million after the new raise, according to sources familiar with the deal.
Go deeperArrow2 hours ago - Media