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In reply to the discussion: Trump imposes tariffs on solar panels and washing machines in one of administration's most... [View all]riversedge
(81,112 posts)13. HuffPost: Solar Industry Braces For Job Losses As Trump Puts Fees On Imported Panels
POLITICS 01/22/2018 05:22 pm ET Updated 1 hour ago
Solar Industry Braces For Job Losses As Trump Puts Fees On Imported Panels
The solar industry created 1 in every 50 new American jobs in 2016.
https://www.huffingtonpost.com/entry/trump-solar-tariff_us_5a66328de4b0022830057908?ncid=tweetlnkushpmg00000067
By Alexander C. Kaufman
Kevin Lamarque / Reuters
President Trumps decision to impose a 30 percent tariff on imported solar equipment marks his most striking blow to renewable energy yet.
1.4k
For the past five years, the solar industry in the United States has boomed, becoming a reliable employment engine and giving hope to policymakers seeking to stave off the worst effects of climate change.
But late Monday afternoon, President Donald Trump approved import fees that analysts say will send the price of solar panels surging and halt hiring in an industry that has grown 17 times faster than the U.S. economy.
Its political fodder to make the United States look like its tough on China, and its protecting American jobs, Noah Ginsburg, a director at a New York-based nonprofit that helps low-income communities install solar panels, told HuffPost. But the reality on the ground is deploying these tariffs will destroy American jobs and negatively impact anyone who wants to participate in and benefit from clean energy.
Solar companies created 1 in 50 new jobs in the U.S. in 2016, with the help of imported solar panels that drastically reduced prices. (The Solar Foundation projects that number will be even higher for 2017; its report on last years figures is due out in a few weeks.) Most of those jobs are at companies that install solar panels on rooftops and build large solar farms for utilities and big corporations.
At the same time, domestic solar panel manufacturers have suffered, unable to compete with cheaper rivals from abroad. Last year, Suniva, a Georgia-based manufacturer owned by a Chinese company, filed a trade complaint with the U.S. International Trade Commission (ITC) after declaring bankruptcy, arguing that its impossible to compete with cheap imports. In May, SolarWorld, the Oregon-based subsidiary of a German panel maker, joined the complaint. The companies requested that the White House impose fees on imported panels under the 1974 Trade Act that would more than double the price of solar cells from about 33 cents to roughly 78 cents per watt.......................................
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Trump imposes tariffs on solar panels and washing machines in one of administration's most... [View all]
DonViejo
Jan 2018
OP
Lots of rich people in America making shitloads of money off of business as usual
Eliot Rosewater
Jan 2018
#1
There are some, but the majority of them come from China. The real target is US solar companies.
alfredo
Jan 2018
#4
absolutely. It also as the potential of starting trade wars, and history is not kind regarding that
still_one
Jan 2018
#9
And how does this impact GE's new appliance factory in Mexico? or is it just against Samsung?
gfwzig
Jan 2018
#12
HuffPost: Solar Industry Braces For Job Losses As Trump Puts Fees On Imported Panels
riversedge
Jan 2018
#13