Share this:
Court Rules That Imported Solar Panels Are Bad For US Manufacturing
Published on September 22, 2017 at 07:25PM
The International Trade Commission has ruled that American companies are being hurt by cheap solar panels from overseas, providing an opportunity for President Donald Trump to tax imports from countries like China. The Verge reports: Today’s unanimous decision ruled that the companies SolarWorld Americans and Suniva were struggling financially not because of their own poor management, but because they couldn’t compete with cheap panels from countries like China, Mexico, and South Korea. Suniva is now suggesting import duties of 40 cents a watt for solar cells, and a floor price of 78 cents a watt for panels. (Right now, the average floor price, worldwide, for panels is about 32 cents.) The Solar Energy Industries Association warned that implementing these suggestions could end up doubling the price of solar, thus destroying demand and causing Americans to lose their jobs.
Read more of this story at Slashdot.
More Stories
‘My 401k Misses You’: Black Woman Pumped To Meet Donald Trump In Philadelphia – July 18, 2023 at 04:56PM
Energy Provider Warns of Impending ‘Crisis,’ ‘Blackout Conditions’ Driven By Biden Plans – July 18, 2023 at 04:20PM
Dog starts barking at cows crossing a bridge, so the cows stop to have a look. – July 17, 2023 at 02:27PM