Trump Attacks Solar Energy With Job-Destroying Tariffs
President Donald Trump has slapped massive tariffs on the solar power industry. The Solar Energy Industry Association expects these tariffs to cause 48,000 to 63,000 job losses in the sector.
The U.S. will impose duties of as much as 30 percent on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply.
As President, Trump has overwhelmingly supported the fossil fuel industry.
Under Trump, the U.S. withdrew from the Paris Climate Change treaty, becoming the only country in the world not to be a signatory of it. In addition, Trump has rolled back many of President Obama's protections for the environment, specifically, clean air rules.
Currently, the solar industry employs 260,000 workers while the aging coal industry employs around 50,000 workers. Data shows that the solar industry is the nation's leading job creator.
Some assert that Trump's latest action is also meant to draw diplomatic pique from China.
For Trump, they may represent a step toward making good on a campaign promise to get tough on the country that produces the most panels — China. China. Trump’s trade issues took a backseat in 2017 while the White House focused on tax reform, but it’s now coming back into the fore.
This action will likely cause unnecessary and sustained damage to solar power industry.