Trump's tariffs are an altogether bad idea
- Author: Kelly Blake Jan 28, 2018,
Jan 28, 2018, 0:37
Because the U.S. now imports most of its panels, the import tax will probably hurt more American companies than it will help.
That's according to Eugene Wilke with Now!
The Trump administration announced Monday that it would impose a tariff of 20 percent on the first 1.2 million imported large residential washing machines in the first year and a 50 percent tariff on machines beyond that number.
"The entire industry is against this", he told KIRO Radio.
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What really makes this move practically hypocritical is that it goes against what the Republican party, with Trump as its leader, have been espousing with regards to lowering corporate taxes.
The Journal reported Tuesday the Trump tariff may spur an unnamed panel manufacturer to invest in a new plant in Florida that will create 800 new jobs. Over the past few years, with government incentives in Washington, Wilke was able to expand his customer base to people earning between $30,000 and $100,000 annually.
"So you're going to see some companies go out of business, definitely see layoffs and you're going to see consumers get a worse value", Moyer said. "We need to think the same way about America first the way they think about South Korea first".
Because California is far and away the largest state for solar jobs - more than 100,000 as of previous year - expect them take the biggest reduction in pure numbers in jobs. The tariffs will take effect February 7. "Given our position in the industry and our national reach, Silicon Ranch is in a fortunate position relative to many competitors because we have both strategic supply agreements in place with manufacturers outside the scope of the tariff framework, and have negotiated and executed meaningful supply agreements prior to this case".
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That is why the vast majority of the U.S. solar industry opposed the tariffs, saying in effect they are a cheap shot to appease Trump's populist support that will backfire and harm the broader solar industry in the US.
Employees at REC Silicon recently signed a letter asking the Trump administration to negotiate some sort of comprehensive deal with China that settles all parts of the solar cell-polysilicon dispute.
"On our large utility scale systems, we are installing at less than gas, oil, or coal can ever dream of", he said.
It is understandable that Trump and presidents before him want more manufacturing done right here in the United States. While America counts China as its biggest market for the oilseed used in animal feed, swelling global stockpiles and bumper crops forecast from Brazil to Argentina mean Beijing has a choice of sellers to turn to in the event of a retaliation on US imports.
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The data highlighting the vast employment potential of solar comes from the most recent National Solar Jobs Census. They merely have to show they were hurt by imports, which is to say by competition. "One of the things I was surprised to understand is how much the USA spends on protecting oil getting to our shores". But I suspect that it's also about a kind of machismo, a sense that real men don't soak up solar energy; they burn stuff instead. "That ability to own your own energy is phenomenal for a homeowner". Specifically, GTM analysis shows that states like Texas, Florida, Georgia, and SC are all among the most significantly impacted by the tariffs. "One out of every 50 new jobs added by our economy in 2016 was a solar job".