Biden considers exempting Mexico from imported solar gear tariffs, Bloomberg News reports

In a move that could potentially strengthen ties between the United States and Mexico, President Joe Biden is reportedly considering exempting Mexico from tariffs on imported solar equipment, according to a report by Bloomberg News.

The tariffs on imported solar gear were implemented by former President Donald Trump as part of his “America First” agenda, aimed at boosting domestic manufacturing and reducing reliance on foreign suppliers. However, the tariffs have been criticized for increasing costs for renewable energy projects and hindering efforts to combat climate change.

Biden’s administration has been vocal about its commitment to addressing climate change and promoting clean energy solutions. By exempting Mexico from these tariffs, the President could not only lower costs for solar projects in both countries but also foster collaboration on renewable energy initiatives.

Mexico has been a key partner for the United States in addressing climate change, with both countries pledging to work together to achieve ambitious climate goals. Exempting Mexico from tariffs on imported solar gear could further solidify this partnership and pave the way for increased cooperation on renewable energy projects.

While the decision is still under consideration, experts believe that exempting Mexico from these tariffs could be a significant step towards advancing clean energy goals and strengthening relations between the two countries. Stay tuned for more updates on this developing story.