Tariffs on imports of solar cells and panels into the US, announced by the Trump administration, will slow the growth of the market and cost tens of thousands of jobs, the industry has warned. US companies that use panels as project developers and installers and the Asian companies that make them were dismayed by the plan to impose a tariff, starting at 30 per cent and then stepping down over the next four years, to protect domestic manufacturers. The decision was taken by President Donald Trump on Monday following an investigation by the US International Trade Commission last year, under a rarely used power to take action if imports caused “serious injury” to a domestic industry.
FT 24th Jan 2018 read more »
The Solar Energy Industries Association said 23,000 jobs would be lost in 2018, pointing out that most solar manufacturing in the US revolves around making parts for cheaper imported panels, rather than the cells and panels themselves. The installation of panels accounts for around 130,000 further jobs. “It boggles my mind that this president – any president, really – would voluntarily choose to damage one of the fastest-growing segments of our economy,” said Tony Clifford, chief development officer of Standard Solar, which finances and installs panels.
Guardian 24th Jan 2018 read more »