FB: Trump Tariffs Cost Thousands Of Jobs In Solar Industry Donald Trump single-handedly destroys US solar industry jobs and growth. John Iadarola breaks it down on The Damage Report. Follow The Damage Report on Facebook:
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"Tariffs on solar panels implemented under President Trump have significantly harmed the U.S. solar industry, according to a new analysis released Tuesday.
More than 62,000 jobs and nearly $19 billion in new private sector investment has been lost due to the 2018 tariffs Trump placed on solar imports, according to the study by the Solar Energy Industries Association (SEIA). The number of jobs lost is nearly double the toll the SEIA first estimated when Trump announced the tariffs.
The $28 billion U.S. solar industry has been significantly affected by the tariffs. The industry gets 80 percent of its solar panel products from imports, largely from China. The nearly 25 percent tariff applies to all imported solar photovoltaic cells and modules, the main technology on panels that convert solar energy into electricity.
While the action was targeted at China, Trump’s tariffs apply to all imports, since Chinese manufacturers have also moved operations to other countries. "
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