Shares of First Solar Inc. jumped 8% late Monday after news that President Donald Trump has approved trade protections on imported solar panels and modules as well as imported washing machines for home use. The solar tariffs are approved for the next four years, with a 30% tariff on the first year diminishing to 15% by year four. U.S. trade representatives will discuss “among interested parties” measures that could lead to a “positive resolution” of the separate antidumping and countervailing duty measures imposed on Chinese solar products, the government said. Chinese-based companies dominate the solar-panel industry. For washers, the tariffs, imposed over three years, start at 20% for the first 1.2 million units of imported finished washers and 50% of all subsequent imports on year one. Shares of Whirpool rose 1.8% in late trading Monday.
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