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Trump Imposes Tariffs On Imported Solar Panels Over $2.5 Billion Installation Projects In Stagnation
- Jun 13, 2018 -

As President Trump imposed new tariffs on imported solar panels, over 2.5 billion U.S. dollars of large-scale installation projects were shelved or cancelled.

The solar industry in the United States has been growing rapidly since 2010, but then slowed down in 2017. In the past seven years, the number of workers in the US solar industry has increased by 168 percent, but now, with the "tariffs" that have been eliminated halfway, the development of the solar energy industry may stagnate. Although tariffs may encourage investment in the domestic U.S. solar manufacturing industry, Abigail Ross Hopper, president of the Solar Energy Industry Association, said that this will result in the loss of 23,000 workers in the solar industry. She also said that "tariffs have reduced the growth rate of the solar industry and the cost of domestically produced solar panels is generally high."

Solar developers stated that Trump’s tariffs had increased the cost of major solar equipment by 10% from the outset, and those developers who could not afford to increase costs had to suspend and shut down the operation of these equipment. According to Scott Canada, senior vice president of renewable energy, the tariff also led McCarthy Construction Company to reduce the number of its original 1,200 employees to about 600 in several projects in 2018.

The Trump administration has stated that the purpose of the tariff is to promote U.S. manufacturing. To date, Ohio and Florida have created about 700 new jobs to increase solar panel construction.