Trump's solar tariffs will cost 23000 jobs, says SEIA

Marco Green
January 23, 2018

The Trump administration announced Monday new trade barriers aimed at protecting domestic makers of solar panels and washing machines from a recent surge of cheap imports.

A year later, the U.S. followed EU's trail and imposed duties of over 165% on imports from Taiwan and China, after acknowledging the fact that the solar panels were being sold for a rather cheap price in USA concentrated solar power market. Shares of Whirpool rose 1.8% in late trading Monday.

The moves come as Trump prepares to travel to Davos for the World Economic Forum, where the world's business and political elite are meeting to discuss topics including the backlash against globalization. He has ordered a renewed look at USA trade policies and prompted a renegotiation of the North American Free Trade Agreement. Chinese-based companies dominate the solar-panel industry.

"While tariffs in this case will not create adequate cell or module manufacturing to meet United States demand, or keep foreign-owned Suniva and SolarWorld afloat, they will create a crisis in a part of our economy that has been thriving, which will ultimately cost tens of thousands of hard-working, blue-collar Americans their jobs", said Abigail Ross Hopper, president and CEO, SEIA.

Trump opted for the most punitive recommendation by ITC judges for residential washers.

Other reports by Click Lancashire

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