timberland wellies A fight with China that Trump may want to avoid
solar industry is hoping Trump will hold fire on this issue, as he has on others. jobs, according to a major trade group.
“The proposed tariffs are a direct attack on American workers and the booming solar industry in this country,” said David Bywater, CEO of top renewable energy firm Vivint Solar. is one of the world’s biggest markets for solar energy and pioneered its key technologies.
In recent years, experts say that China has lent support to its own solar manufacturers via cheap loans and subsidies. and Europe.
That prompted the Obama administration to put tariffs on some Chinese solar imports five years ago, and more in 2014.
They haven’t had much impact. still use imported panels, mostly from Chinese firms,
according to consultant Greentech Media.
The Chinese imports still work out cheaper despite the trade barriers already in place, Barbier said.
What’s going on now?
The dispute has now bubbled to the surface again. International Trade Commission last year, arguing cheap imports from China had decimated their business. Trump has until January 26 to make a decision on whether to impose them.
The new tariffs would be much broader than existing ones. They would apply to more components than the Obama era tariffs and cover imports from all countries. But experts say the main target is clearly China. alleged last year that Chinese companies are opening manufacturing facilities in other countries in order to get around trade barriers. solar energy industry.
American companies have largely ditched the manufacturing of panels to focus on installing them and other related services. The vast majority of firms use panels imported from other countries, mainly China. solar companies. economy, according to a report last year by the International Renewable Energy Agency.
The Solar Energy Industries Association, a big trade body, estimates that raising tariffs could effectively double the cost of panels and put as many as 90,000 American jobs at risk.
Stein disputed the industry association’s claim that the penalties would cause thousands of job losses,
saying his company would “rehire hundreds of workers immediately” if Trump raises tariffs.