25 January, 2018
It is now incumbent on the domestic manufacturer to show the world and OR that the reason solar manufacturing in this country struggles is because of a surge of cheap Chinese imports. "It's just basic economics - if you raise the price of a product it's going to decrease demand for that product". The tariff reportedly includes a 30 percent solar import tax for crystalline-silicon solar cells and modules, which steps down by 5 percentage points each year to 15 percent by the fourth year, according to Green Tech Media. Additionally, the first 2.5 gigawatts of imported solar cells will be exempt from the safeguard tariff in each of those four years, USTR said.
Mark Johnson, founder and chief executive of Sol Luna Solar, a company based in Dixon that installs systems throughout Northern New Mexico, agreed that the tariff will have an effect. "There are no factories in the US that make solar panels".
"Most of our industry is based on the installation of solar panels, not the manufacturing".
He has also downplayed the threat from global warming - an issue that led past administrations to throw their support behind emissions-free solar and wind energy development - rolling back climate change regulations and pulling the United States from a global pact to combat it. SunPower Corp, which manufactures panels in Asia, was down more than 6 percent and residential installer SunRun Inc. was up about 6 percent. "So while a solar panel tariff will create some manufacturing jobs in the few hundreds, there are tens of thousands of jobs that will be lost because of the increase in the cost of solar panels". In real dollars, the 30% Solar Tariff will immediately add between 10.5 cents/watt and 11.4 cents/watt to module costs (assuming module prices otherwise stay at Q1 2017 levels). He added that China exported just US$14 billion of solar panels to the U.S. in 2016, which amounted to just 0.66 per cent of its trade with the US.
Apple To Use Foreign Profits To Fund US Jobs, Manufacturing
Tim Cook told lawmakers critical of how Apple didn't repatriate its overseas profits that his company followed the law. Apple will also invest in teaching students to code and programs focused on STEAM.
Globally, solar capacity soared to nearly 400 GW a year ago from under 10 GW in 2007, according to the International Renewable Energy Administration.
"The U.S.'s decision.is an abuse of trade remedy measures, and China expresses strong dissatisfaction regarding this", Wang Hejun, the head of the commerce ministry's Trade Remedy and Investigation Bureau, said in a statement on its microblog.
"With regard to the wrong measures taken by the United States, China will work with other WTO members to resolutely defend our legitimate interests", it said.
South Korea and China have condemned the steep tariffs imposed by President Donald Trump, with Seoul saying on Tuesday it will complain to the World Trade Organization (WTO) over the "excessive" move.
"The United States has opted for measures that put political considerations ahead of global standards", Kim told a meeting of industry officials. "It is a very big industry and we are going to have a lot of plants built here in the United States", he said after signing legislation.