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WSJ: Imports of solar panels, washers jump as Trump weighs new tariffs

Published 01/03/2018, 10:21 AM
© Reuters.  WSJ: Imports of solar panels, washers jump as Trump weighs new tariffs
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  • Foreign makers of products such as solar panels and washing machines are hiking shipments to the U.S. ahead of government decisions on whether to impose tariffs or quotas, WSJ reports.
  • Ships brought large residential washers to U.S. ports in November at more than double the previous year’s pace, a month after U.S. regulators backed Whirlpool (NYSE:WHR) in a dispute with South Korean rivals; a Longbow analyst calculates as much as six months’ worth of surplus washer inventory could arrive in the U.S. before any tariffs go into effect.
  • U.S. import volumes for solar panels and related products also more than doubled Y/Y to the equivalent of 12,379 shipping containers in November, according to Panjiva analysts, who say manufacturers expecting new trade barriers often boost shipments.
  • ETFs: TAN, KWT
  • Now read: India Looks To Become Less Reliant On Foreign Imports Of Solar Tech


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