top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

United States

22 Sept 2021

New Tariffs Could Jeopardize Upcoming Solar Projects in the U.S

The Index Today

According to a U.S solar industry group, tariffs imposed on panel imports from Asia could threaten almost 30% of the nation’s solar capacity in the coming years. The warning was made by the group after the Commerce Department announced it may look into a trade investigation regarding solar cells being imported from Malaysia, Vietnam and Thailand.
According to the Solar Energy Industries Association SEIA, the three main countries account for over 80% of entire panel and module import sector. SEIA sent a letter to the Commerce Department signed by 200 solar companies stating, “We cannot emphasize enough how damaging these tariffs would be to our companies and the entire American solar industry.”
With the new tariffs imposed, solar projects with 18 GW may no longer be viable by the year 2023. These projects provide enough power to sustain around 3.4 million homes in the US. American Solar Manufactures Against Chinese Circumvention put in their complaint with the Commerce Department regarding unfair imports. The group claims Chinese manufacturers are moving their processes to other countries to avoid antidumping duties imposed on them.
The group has not revealed its identity amid fear of retaliation in the sector. The petition has been proposed after the solar manufacturing industry stated how their products must be able to complete against cheaper Asian imports.

Clay pottery with table linens
bottom of page