While not directly Ttied to Trump's (R) latest Attack on Windmills, the Commerce Department's announcement of a Tariff Hike on Wind Turbines could hold Implications for those Companies seeking to Set-Up Wind Projects on U.S. soil. "Some of these goods are composed of steel and aluminum. Without these tariffs steel and aluminum products could be imported to the U.S. at a low tariff rate," said Christopher M. Meissner, Professor of Economics, Professor of Economics at U.C. Davis. "In principle, this is an attempt to close loopholes and to direct producer demand for steel and aluminum to American producers."
"Whatever the motivation, the end result, as is usual with such tariffs, will likely be that the cost of renewable energy coming from wind turbines will be higher in the American market," he said.
In addition to Wind Turbines, the Commerce Department will be Hiking Steel and Aluminum Tariffs for Hundreds of Goods, including Mobile Cranes, Bulldozers, and Railcars.
The Announcement followed a months-long Comment period, during which Outside Parties were able to Submit Requests for Products to be Subject to the Section 232 Duties.
One of these came from the "Wind Tower Trade Coalition", a Group Representing Domestic Manufacturers of Utility-Scale Wind Towers. The Group requested that Foreign-Sourced Wind Turbines and Towers, be Subject to the Section 232 Tariffs as "imports of these derivative steel products threaten to impair U.S. national security."
"Rising U.S. imports of low-priced wind towers have already caused significant harm to the domestic steel mill industry," the Group said. "Specifically, these imports have forced domestic wind tower producers to purchase imports rather than domestic steel mill products, resulting in fewer sales for domestic steel mills."
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NYC Wins When Everyone Can Vote! Michael H. Drucker
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