Trump’s Solar Panel Tariff Decision Leaves Almost Everyone Unhappy
Trump tried to strike a balance between punishing China for importing low-cost solar panels and modules into the U.S. and trying to protect the domestic solar industry from massive job losses. Unfortunately, the middle-of-the-road approach may have the exact opposite impacts.
Gore defends Trump solar tariffs decision
Al Gore and President Donald Trump might disagree on many things, but the former vice president defended the Republican leader Thursday on his administration’s recent decision to impose new tariffs on solar imports.
How U.S. Tariffs Will Hurt America’s Solar Industry
Trump’s decision to impose sweeping tariffs on imports of solar panels and components will do little to make American manufacturers competitive with dominant Chinese ones. Instead, they might actually discourage domestic investments in innovation, crucial to an American solar manufacturing revival. On top of this, the tariffs will cause collateral damage by slowing down the installation of solar panels in the United States, destroying more jobs than they create, and provoking trade disputes and retaliation.
Why the heck would we tax solar panel imports?
We know it’s not a good idea, because it’s something that Naomi Klein has argued for – she who is that guiding compass for economic policymaking. Let me explain. We desire solar panels, systems, modules, and cells, because we’d like people to install them so that we get electricity without boiling the whales and the oceans within which they swim. Vast numbers of us couldn’t care less about that or don’t believe the underlying theory at all. But assume that we do.