President Biden vetoed a bipartisan resolution Tuesday that would have reversed his executive action last year ordering the Department of Commerce not to enforce tariffs on Chinese solar panel manufacturers for two years.
Biden explained that the legislation — which recently passed the House and Senate with Democratic support — "bets against American innovation." Last year, Biden implemented the 24-month moratorium on the enforcement of solar panel anti-circumvention tariffs designed to protect U.S. companies, a move the White House said would facilitate investment in domestic solar panel production capabilities.
"Passage of this resolution bets against American innovation," Biden said in a statement Tuesday. "It would undermine these efforts and create deep uncertainty for American businesses and workers in the solar industry. Therefore, I am vetoing this resolution."
Biden added that he doesn't "intend to" extend the tariff suspension when the 24-month moratorium expires in June 2024.
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