Trump tariff on solar imports gets mixed reaction in Georgia

Trump tariff on solar imports gets mixed reaction in Georgia

About 260,000 people work in the US solar power industry but relatively few of them are in manufacturing, which is why most companies in the industry lobbied against the tariff.

Mr. Trump will also make doing the laundry great again, or at least more expensive, with a new 20 percent tariff on the first 1.2 million imported washing machines every year.

The full details of the additional taxes can be found in this article from the BBC.

"This announcement caps almost a decade of litigation and will result in new manufacturing jobs in Ohio, Kentucky, South Carolina, and Tennessee", Whirlpool Chairman Jeff M. Fettig said in a statement.

So the net result of the 30 percent tariff, said Graepler, is that solar costs will increase only modestly and not enough to deter homeowners or businesses from investing in a solar conversion.

"There are shoppers that say 'I don't care about USA -made". S. -based companies, and this might actually work; however, some foreign companies are actually considering moving facilities to the United States to avoid the penalties. The tariffs will hurt many more companies and people, and that's before other countries retaliate.

"The global trading system is threatened by major economies who do not intend to open their markets to trade and participate fairly", U.S.

The South Korea energy industry is expecting a significant sales drop in the American trade authorities are set to impose so-called "safeguard" measures against imported solar cells and modules.

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But the solar industry countered that the move will raise the cost of installing panels, quash billions of dollars of investment, and kill tens of thousands of jobs, raising questions about whether Mr Trump's move will backfire by triggering mass layoffs.

The four year tariff on solar panel imports has forced Sun Solar to pre-buy all their goods. The point is, we are already immersed in a world that revolves around solar energy and relies on renewable energy for national security, investment opportunities, the economy (jobs) and the environment.

Even within the narrow scope of solar panels, it is not clear that the new measures will increase employment.

Yet today the US solar cell and panel industry, as well as many of its suppliers, operate in perilous conditions featuring financial losses, worker layoffs and plant closures. China now produces 60% of the world's solar cells and 71% of solar modules.

China has not specified how it will respond to the new US tariffs, beyond saying it will defend its legitimate interests.

Trump told us that if he was elected he would get tough on the countries that America trades with.

Some argue that tariffs are justified because foreign producers are dumping products subsidized by their governments in the United States. This means American consumers have to pay more.

According to Reuters, President Trump, who has regularly threatened to abandon the trade pact, which he has described as "disastrous" said the discussions were "pretty good".