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The Solar Energy Industries Association (SEIA) – the national trade association for the U.S. industry - and its members expressed disappointment in the decision by President Trump to impose 30 percent tariffs on imported solar cells and panels.
The decision effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments.
“This is a bad day for the U.S.,” said Costa Nicolaou, president and CEO of PanelClaw, an American racking company. “What’s most disappointing is that the president sided with two foreign-owned companies and didn’t listen to Americans from across the country and political spectrum who understood tariffs will cause great economic pain for so many families in the solar sector.”
The decision effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments.The decision effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments.
originally posted by: FamCore
I wonder if this new Chinese plant will replace some of those lost jobs or loss in solar investments
originally posted by: Metallicus
Bingo.
They can’t as they are working for the other side.
originally posted by: FamCore
a reply to: peck420
The decision effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments.The decision effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments.
I wonder if this new Chinese plant will replace some of those lost jobs or loss in solar investments
Market experts estimate that the impact of the tariff in year 1 will be between $0.10 to $0.12 per watt. For a typical American homeowner, that represents only a 3% to 4% increase in the cost of a solar panel installation. (This corresponds to a recent analysis conducted by Greentech Media.)
By year 4, the tariff’s impact falls to only $0.04 to $0.05 per watt, which results in less than a 2% increase in installation costs. It is worth mentioning here that leading solar manufacturing countries like China, Taiwan and South Korea can simply reduce their export prices faster, and render obsolete any impact of the solar tariff.
news.energysage.com...
originally posted by: mikell
I don't believe what SEIA is saying there probably isn't that many solar jobs in the US.
originally posted by: peck420
Here is what the US industry in question thinks of the tariff.
President's Decision on Solar Tariffs is a Loss for America
The Solar Energy Industries Association (SEIA) – the national trade association for the U.S. industry - and its members expressed disappointment in the decision by President Trump to impose 30 percent tariffs on imported solar cells and panels.
The decision effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments.
One part of very serious note...
“This is a bad day for the U.S.,” said Costa Nicolaou, president and CEO of PanelClaw, an American racking company. “What’s most disappointing is that the president sided with two foreign-owned companies and didn’t listen to Americans from across the country and political spectrum who understood tariffs will cause great economic pain for so many families in the solar sector.”