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Trump trade rep asks about 'unforeseen developments' ahead of solar tariffs

Nov. 29, 2017 4:29 PM ETFirst Solar, Inc. (FSLR) StockSPWR, FSLR, CSIQ, JASO, YGE, TAN, KWT-OLD, JKS, ENPH, VSLRBy: Carl Surran, SA News Editor52 Comments
  • U.S. Trade Representative Lighthizer has asked the U.S. International Trade Commission for a report to help Pres. Trump take “appropriate and feasible action” to support domestic solar panel manufacturers as the White House considers imposing tariffs on low-cost imported panels.
  • Lighthizer specifically asked the U.S. ITC to identify any “unforeseen developments” that led to U.S. companies being harmed, a move that could indicate an effort to head off any challenges at the WTO should Trump impose tariffs - or it could be a sign that Trump is seeking a reason not to impose tariffs at all - says trade policy analyst Clark Packard.
  • If the ITC is unable to point to any unforeseen circumstances, Trump may have an easy reason to say no to Suniva's trade complaint, Packard surmises.
  • Among top solar stocks today: FSLR -3.4%, SPWR -4.8%, CSIQ -3.5%, ENPH -8.6%, VSLR -4.1%, JKS -3.4%, JASO +0.9%, YGE +0.9%.
  • ETFs: TAN, KWT

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