Trump Just Set a Tariff on Solar Panels So High That Your Eyebrows May Raise Involuntarily

That is bonkers, even for Trump.

Cell Dweller

The Trump administration is slapping big tariffs on Southeast Asian-made photo voltaic panels — and the figures are so excessive, chances are you’ll straight up gasp.

As CNN and other outlets report, the US is searching for tariffs of as much as 3,521 p.c — sure, you learn that proper — on photo voltaic cells and panels from Cambodia, Thailand, Malaysia, and Vietnam, all of which provide Chinese language corporations which were accused of unfair competitors.

Nominally issued to assist American corporations compete towards Chinese language corporations that flood American markets with low-cost photo voltaic panels, the levies most likely higher serve as an example how far this president is prepared to go in his commerce conflict — even on the expense of low-cost renewable energy.

Photo voltaic Ache

Just below a yr in the past, a number of photo voltaic panel corporations petitioned then-president Joe Biden to instate tariffs on Chinese language photo voltaic cell corporations that had allegedly “dumped” their unfairly low-cost merchandise onto US markets and, in doing so, harmed American corporations.

Led by Hanwha Qcells, a South Korean firm with amenities within the state of Georgia, and the Arizona-based First Photo voltaic Inc, the businesses declare their Chinese language counterparts are undercutting competitors and harming their backside traces when flooding American markets with uber-cheap merchandise from Southeast Asia, a few of which have been priced under the price of manufacturing.

Whereas it is not precisely clear why the Biden administration did not take swifter motion on these allegations, this seeming overcorrect beneath Donald Trump serves as a stark reminder of the state of play in his silly commerce conflict with China — and the way starkly towards clear power this president stays.

Because the Houston Chronicle reports, renewable power builders within the blood-red state of Texas have been tormented by uncertainty as their manufacturing timelines have been repeatedly stymied by the “wait-and-see” nature of Trump’s tariffs.

“If this self-inflicted and unnecessary market uncertainty continues, we’ll almost certainly see more projects paused, more construction halted, and more job opportunities disappear,” defined Michael Timberlake, the communications director for the clear power group E2, in a statement.

Extra on commerce conflict: China Creates Mocking AI Video of Common People Working in Garment Manufacturing facility