President Trump announced a massive new tariff hit on India, saying imports of solar panels to the United States would be subject to tariffs of 126%. The move was motivated by the discovery that India was subsidizing its solar panel industry at the same rate of 126%. Laos and Indonesia were also targeted with import tariffs corresponding to the subsidy rates both governments provided for their respective solar industries. The tariffs follow a trade case brought to the Department of Commerce by the U.S. solar panel industry. A fact sheet published…