The Logical Leftist
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Trump Just Sabotaged America's Fastest Growing Job Market
Posted
January 24, 2018
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January 24, 2018
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7:09Now PlayingHelp us cover the political revolution
"On Tuesday, President Donald Trump signed off on a new, temporary, 30% tax on imported solar panels.
Trump heralded the tariff as a job-creating measure on Tuesday, saying "we’re going to make our own product again. It’s been a long time."
But most solar companies in the US say that's just not true.
As Bloomberg reports, about eight of every 10 solar panels in the US come from abroad, which means the new tariff will deal a serious blow to the solar industry in the states.
The Solar Energy Industries Association estimates that the new tax will cost about 23,000 jobs in 2018, since fewer people are expected to buy panels at the higher price. (For a typical rooftop-style 250-watt solar panel, the price hike comes out to about $25 extra dollars a piece.) The job losses could include solar panel installers, manufacturers who make metal racks for holding the cells, and companies supplying add-on parts like inverters and machines that track the sun to improve cell performance. "
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