Biden is officially vetoing a resolution blocking the temporary suspension of tariffs on imports of solar panels

Biden is officially vetoing a resolution blocking the temporary suspension of tariffs on imports of solar panels

(CNN) President Joe Biden has officially vetoed a resolution that would block a Commerce Department rule that temporarily suspends tariffs on imported solar panels from Cambodia, Malaysia, Thailand, and Vietnam — “of this resolution he bets on American innovation,” the passage read.

The resolution narrowly passed the Senate earlier this month, with nine Democrats joining Republicans in endorsing its passage.

Republican Senator Rand Paul of Kentucky voted against its approval.

“It will undermine these efforts and create deep uncertainty for American companies and those in the solar industry,” Biden wrote in his veto on Tuesday, adding that while “America is now on track to increase domestic solar panel manufacturing capacity eightfold by the end of my first term.. . that the production will not come online overnight.”

Biden issued The first veto of his presidency in March On a decision to rescind the retirement investment rule that allows pension fund managers to consider the impact of climate change and other environmental, social and governance factors when selecting investments.

In April, Biden vetoed a resolution that would have been overturned Water rule is the hallmark of his administration.

CNN’s Claire Foran and Betsy Cline contributed to this report.

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