US Solar Makers See Tariff Loophole for Asian Competitors
The commission last week found solar imports from Cambodia, Malaysia, Thailand and Vietnam — which make up the bulk of the US market — were injuring domestic producers. The decision cleared the way for duties ranging from 34% to 3,521% depending on the country and manufacturer involved.
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Yahoo
an hour ago
- Yahoo
Takeaways of US-Japan deal include potential gains for Trump, Ishiba and EU
(Reuters) -An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, though many specifics of the agreement remain unclear. Here's a closer look at the early takeaways: * The deal stabilizes the global trade outlook by imposing a 15% tariff on Japanese goods — down from a threatened 25% — while Japan commits to investing $550 billion in the U.S. economy, a boost to U.S. jobs. It almost certainly averts a worst-case scenario for the Japanese economy. Moreover, if it signals that the balance of U.S. tariff rates are likely to settle in that range, Jefferies Chief Economist and Strategist for Europe Mohit Kumar said: "the world can live with 15% or so tariffs." * Trump gains some political capital ahead of November 2026 midterm elections by reinforcing his 'America First' trade stance and potentially bolstering his influence with industrial and agricultural constituencies while avoiding the market instability that loomed under earlier tariff threats. Still, not every U.S. constituency was happy with the announcement. The decision has angered the Detroit Three automakers, who still face a 25% levy on significant segments of their non-U.S. produced vehicles. * For Ishiba, the deal is a diplomatic and economic win amid domestic political turbulence. Just days earlier, Japan's ruling coalition lost its majority in upper house elections. * Analysts say the deal could serve as a benchmark for other economies negotiating with Washington, including the EU and China, both facing August tariff deadlines. * American exporters could gain broader access to Japan's markets, especially in autos and agriculture — sectors vital to U.S. economic growth. * Global financial markets are rallying led by automakers. Stocks of major Japanese firms surged following the announcement, and capital inflows are expected to continue as investors seek exposure to Japan's innovation-led growth. * Despite the investment commitments, the deal may not significantly reduce the U.S. trade deficit with Japan in the short term. Critics argue that without stronger enforcement mechanisms or structural reforms, the imbalance could persist. * A 15% tariff, though lower than the threatened 25%, still represents a significantly higher import tax for consumer goods, especially for cars and electronics, which are heavily imported to the U.S. from Japan. Yale Budget Lab last week estimated the overall average U.S. tariff rate under Trump's policy shifts has climbed to around 20% from between 2% and 3% prior to his return to the White House in January. Sign in to access your portfolio
Associated Press
an hour ago
- Associated Press
Solar Landscape Named No. 1 National Rooftop Commercial Solar Developer by Solar Power World
ASBURY PARK, N.J.--(BUSINESS WIRE)--Jul 23, 2025-- Commercial real estate owners are increasingly turning to solar to increase net operating income and unlock new value from underutilized rooftop space. In today's crowded solar marketplace, choosing the right partner is critical. Solar Power World has named Solar Landscape the No. 1 National Rooftop Commercial Solar Developer on its 2025 Top Solar Contractors List. This award validates what commercial real estate leaders already know: Solar Landscape delivers proven results at scale. 'This recognition isn't just about square footage or megawatts. It's about trust, execution, and long-term partnerships,' said Shaun Keegan, Co-Founder and CEO of Solar Landscape. 'We lease rooftop space from commercial property owners, make the investment in solar ourselves, and manage every aspect of the project. Our partners get guaranteed revenue with zero capex, and we handle the rest.' Founded in 2012, Solar Landscape pioneered the commercial rooftop solar model, evolving from a construction company into the nation's largest developer, builder, owner, and operator of rooftop solar. Today, the company partners with more than 100 commercial real estate landlords, serving as a reliable, relationship-driven partner that takes care of both the roof and the long-term value it generates. As the solar industry adapts to regulatory shifts and federal incentive uncertainty, Solar Landscape's national leadership offers commercial real estate owners a clear model for success: partnering with a proven rooftop solar developer to generate new, reliable revenue—without upfront investment. Founded by construction professionals, Solar Landscape is a vertically integrated company that develops, builds, owns, and operates solar projects nationwide. The company was named the #1 National Commercial Rooftop Solar Developer by Solar Power World in 2025, recognized as the #1 Distributed Generation Developer by New Project Media, and awarded the U.S. Department of Energy's Grand Prize for clean energy. Headquartered in Asbury Park, New Jersey, Solar Landscape has offices in New York City, Chicago, Boston, and Baltimore, and operates in over a dozen states nationwide. View source version on Natalie Passerini, Solar Landscape, [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE UTILITIES CONSTRUCTION & PROPERTY ENVIRONMENT ALTERNATIVE ENERGY ENERGY BUILDING SYSTEMS GREEN TECHNOLOGY SOURCE: Solar Landscape Copyright Business Wire 2025. PUB: 07/23/2025 02:36 PM/DISC: 07/23/2025 02:36 PM
Yahoo
an hour ago
- Yahoo
Markets rally after Trump announces tariff deal with Japan
Financial markets around the world have rallied after Donald Trump announced a trade deal with Japan and speculation that a similar deal would soon be reached with the European Union. . Share prices rose sharply in Tokyo, where the Nikkei index of leading Japanese companies increased by 3.5%. European markets followed, with the FTSE 100 gaining 0.4% to close at a fresh record high of 9,061. US markets posted further gains after opening in New York, with the Dow Jones rising by almost 1% and the S&P 500 by 0.5%. They were boosted by reports that the EU and US were closing in on a deal similar to the one the US struck with Japan, a 15% tariff on European imports. The EU is weighing €100bn (£87bn, $118bn) worth of tariffs on US imports if Trump does not agree a trade deal by the end of next week. Shares in Japanese carmakers rallied sharply. Shares in Toyota, the world's biggest carmaker, surged by more than 14% and there were gains for Honda, Mazda and Subaru. London-based companies with the highest exposures to US tariffs – including GSK, AstraZeneca and Diageo – were among the biggest risers on the FTSE 100. Interactive Russ Mould, investment director at the stockbroker AJ Bell, said: 'News of a trade agreement between the US and Japan is fostering optimism among investors that further deals might be reached before punishing tariffs come into force.' Under the deal announced by the US president late on Tuesday, Japanese imports to the US will incur a 15% tariff, compared with the 25% level Trump had threatened to impose from 1 August. The levy, paid by US importers, remains above the 10% 'baseline' global tariff that had been imposed by Washington while the two countries negotiated. The Japanese car industry, which accounts for 8% of jobs in the country, had been reeling from the threat of a 25% tariff on shipments to the US market. Vehicles and automotive parts account for more than a quarter of all Japanese exports to the US. Trump claimed that the deal would open the Japanese market to US products including cars, trucks, rice and certain agricultural products, many of which had proved to be a sticking point in negotiations. The deal with Japan followed an agreement with the UK in May, as the first major country to reach a deal with the White House, which included limiting an increase in US tariffs on most British goods to 10%. Financial markets were thrown into a tailspin on 2 April by Trump's 'liberation day' tariff announcement, when he unveiled blanket levies of 10% and higher individual rates of up to 50% on dozens of markets, including those of economic allies and rivals alike. Trump paused the higher tariff rates for 90 days to allow for negotiations with trading partners after a dramatic sell-off in the US bond market. The markets staged a recovery, as investors bet that Washington would ultimately back down from the toughest measures. Interactive Investors latched on the president's reluctance to see through extreme threats by betting that 'Trump always chickens out', or Taco for short, in a Wall Street maxim influencing trading decisions. Economists said the deal with Japan, which is the world's fourth-largest economy and is the US's fourth-largest import market, could be a prelude to further progress in negotiations with other big trading partners, including the EU. Shares in EU carmakers rallied on Wednesday, with Volkswagen up by more than 5% as traders bet the US-Japan deal could be a blueprint for an agreement between Washington and Brussels. Trump has set a deadline of 1 August for reaching a deal with the EU and other trading partners. Washington struck a deal with the Philippines on Tuesday, while the US Treasury secretary, Scott Bessent, has said talks would resume with China next week, ahead of the 12 August deadline Trump has set for a tariff agreement with the world's second-largest economy. However, investors warned that the tariff rates on US imports were higher under the deals than they were before Trump entered the White House, increasing inflationary pressures for American households and rattling global supply chains. 'Why are the markets jubilant this morning? Because even a higher tariff is preferable to continued uncertainty,' said George Lagarias, chief economist at the financial services company Forvis Mazars. 'But this is hardly a catalyst for long-term optimism. If the deal with Japan is the standard by which the negotiation with the EU will go, then investors and businesses should begin to price in a deterioration of the macroeconomic backdrop.' The Japanese prime minister, Shigeru Ishiba, said the deal was 'precisely the result of my consistent advocacy and strong lobbying of the US since I proposed 'investment over tariffs' to President Trump at our White House summit in February'. Ishiba denied reports that he planned to announce his resignation after his coalition lost its upper house majority this week. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
