President Joe Biden has vetoed House Resolution 39 to overturn a two-year moratorium on solar tariffs from Southeast Asia.
Waiving the moratorium on solar tariffs imposed on equipment produced in Cambodia, Malaysia, Thailand and Vietnam would have jeopardized the momentum the U.S. solar industry is building, Biden said in a stataement explaining his decision to veto the resolution.
Biden said that since he took office, 51 new and expanded solar equipment manufacturing plants have been announced, and the United States is now on track to increase domestic solar panel manufacturing capacity eight-fold.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.