Trump imposes 30 percent tariff on solar panel imports

 

This is not smart. Why restrict the import of low cost high quality products into the United States? To protect a domestic industry? That is serious short term thinking. We should be happy to get low cost high quality goods from countries that want to sell us low cost high quality goods.

We should be getting rid of subsidies for people who buy solar panels. That is where there is market distortion.

(From The Hill)

The tariffs unveiled Monday apply to all imported solar photovoltaic cells and modules, the main technology on panels that convert solar energy into electricity.

While the action is targeted at imports from China, Trump’s tariffs apply to all imports, since Chinese manufacturers have moved operations to other countries.

“The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers and businesses in this regard,” U.S. Trade Representative Robert Lighthizer said in a statement Monday announcing the decision along with a decision to impose tariffs on imported washers.

SolarWorld Americas, a unit of a German company, said in a statement that it was grateful for Trump’s work, but it is still reviewing whether the tariffs are high enough. It had sought 50 percent tariffs.
There’s a shocker. A company wanted a 50% tariff on its competition. Pure crony capitalism.