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A tariff of up to 271% is being wielded like a 'big stick' against photovoltaics! The usa plans to take action on solar energy imports from Southeast Asia.
The US Department of Commerce preliminarily ruled on Friday, USA eastern time, that solar energy products imported from Southeast Asia are being unfairly sold in the USA at prices below production costs, and proposed tariffs of up to 271% to counteract this practice.
Catalyst Watch: November Jobs, OPEC+ Meeting, Marvell, Salesforce Earnings
US stocks closed | The three major indices rose together, with Dow Jones and S&P hitting new highs; tariff threats dragged down auto stocks, general motors fell 9%
Waiting for PCE inflation, the Fed's November minutes support gradual rate cuts, temporarily suppressing US bond yields and the dollar while gold rallies. The Dow turns higher at the end of the day, hitting new highs for three consecutive days, while small cap stocks fall from the highest level in six days, with chip stocks down more than 1%, but nvidia rebounds by 0.7%. Tesla reverses its decline, Nio falls by 7.7%, Amgen's weight loss drug once fell by more than 12%, and Dell falls more than 9% after hours.
Sunrun Is Maintained at Neutral by UBS
UBS Maintains Sunrun(RUN.US) With Hold Rating, Cuts Target Price to $14
U.S. lawmakers propose to suspend the 45X manufacturing tax credit, leading to a general rise in American solar energy stocks.
usa Republican Representative John Moolenaar and Democratic Representative Jared Golden of Maine submitted a resolution to the House proposing a suspension of the US 45X Advanced Manufacturing Production Tax Credit (PTC).