Close Menu
Chronicle NG
    Trending Stories
    Daniel Bwala, Special Adviser to the President, has dismissed criticism over his appearance on Al Jazeera's Head to Head program.

    Bwala defends ’embarrassing’ outing on Al Jazeera interview

    March 8, 2026
    Trump receives bodies of US soldiers killed in Iran war

    Trump receives bodies of US soldiers killed in Iran war

    March 8, 2026
    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    March 8, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Bwala defends ’embarrassing’ outing on Al Jazeera interview
    • Trump receives bodies of US soldiers killed in Iran war
    • Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight
    • Netanyahu promises to carry on Iran war ‘with all our force’
    • CBN says 30 banks meet new minimum capital requirements
    • Obi officially registers with ADC
    • Why DisCos switch off power during heavy rain
    • Tinubu says Nigeria will defeat insecurity, hails military sacrifice
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, March 8
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Trump imposes new ‘America First’ tariffs

    Chronicle EditorBy Chronicle EditorJanuary 23, 2018No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    TikTok to stay in US as Trump begins deal with China
    President Donald Trump
    Facebook Twitter WhatsApp
    President Donald Trump has imposed a new ‘America First’ tariff

    The United States has approved controversial tariffs on imported washing machines and solar panels.

    The move is in line with President Donald Trump’s “America First” trade policy, which aims to protect local manufacturers from foreign competition.

    A spokesman said the administration would “always defend American workers, farmers, ranchers and businessmen”.

    But China and South Korea, whose manufacturers will be most heavily affected, criticised the move.

    US officials said more trade enforcement actions would follow.

    Mr Trump has talked about taking the action ever since coming to office. In his inauguration speech a year ago he promised to protect US borders from other countries “making our products, stealing our companies and destroying our jobs”.

    The actions are being seen as the president’s most significant trade moves since his decision to pull the US out of the Trans-Pacific Partnership deal (TPP) and renegotiate the North American Free Trade Agreement (NAFTA).

    Why have the tariffs been imposed?

    The tougher policy was approved by President Trump after the US International Trade Commission found local manufacturers were being hurt by cheaper imports.

    READ: NNPC to ease supply, distribution of petrol by building more depots

    The tariffs set on solar panels were lower than domestic US producers had hoped for, but the duties on washing machines and parts were steeper than expected – adding as much as 50% in some cases, according to US documents.

    How will the tariffs work?

    The first 1.2 million imported large residential washing machines in the first year will have a 20% tariff imposed on them, while there will be a 50% tariff on machines above that number.

    By the third year, these will drop to 16% and 40% respectively.

    Meanwhile, the tariff increase on imported solar cells and modules in the first year will be 30%, falling to 15% by the fourth year, although 2.5 gigawatts (GW) of imported cells will be allowed in tariff-free annually.

    What has the reaction been?

    US appliance maker Whirlpool, which for years has sought protection against cheaper imports from South Korea and Mexico, welcomed the move.

    “This announcement caps nearly a decade of litigation and will result in new manufacturing jobs in Ohio, Kentucky, South Carolina and Tennessee,” chairman Jeff Fettig said in a statement.

    Shares in Whirlpool rose 2.5% on the news, and it immediately announced it would employ 200 more people. Shares in US solar panel manufacturers also went up.

    Environmentalists argue that making solar panels more expensive risks holding back the development of renewable energy in the country.

    China and South Korea have reacted angrily to the news.

    South Korea said it would complain to the World Trade Organization (WTO), calling the tariffs “excessive” and “regrettable”. Its manufacturers, including Samsung and LG, compete in the washing machine market with US firms such as Whirlpool.

    Samsung called the tariffs “a tax on every consumer who wants to buy a washing machine”.

    Meanwhile China, the world’s biggest solar panel manufacturer, said the move would further damage the global trade environment.

    China is the US’s biggest trading partner and government spokesman Wang Hejun said that Beijing expressed “strong dissatisfaction” with the plans.

    He warned that “together with other WTO members, China will resolutely defend its legitimate interests” adding that the plans “not only aroused the concern of many trading partners but was also strongly opposed by many local governments and downstream enterprises in the US”.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Daniel Bwala, Special Adviser to the President, has dismissed criticism over his appearance on Al Jazeera's Head to Head program.

    Bwala defends ’embarrassing’ outing on Al Jazeera interview

    Trump receives bodies of US soldiers killed in Iran war

    Trump receives bodies of US soldiers killed in Iran war

    Netanyahu pledges support for persecuted Christians in Nigeria

    Netanyahu promises to carry on Iran war ‘with all our force’

    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    2027 votes must count, Obi warns election officials against rigging

    Obi officially registers with ADC

    Why DisCos switch off power during heavy rain

    Why DisCos switch off power during heavy rain

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Daniel Bwala, Special Adviser to the President, has dismissed criticism over his appearance on Al Jazeera's Head to Head program.

    Bwala defends ’embarrassing’ outing on Al Jazeera interview

    March 8, 2026
    Trump receives bodies of US soldiers killed in Iran war

    Trump receives bodies of US soldiers killed in Iran war

    March 8, 2026
    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    March 8, 2026
    Netanyahu pledges support for persecuted Christians in Nigeria

    Netanyahu promises to carry on Iran war ‘with all our force’

    March 7, 2026
    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    March 7, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.