New 30% U.S. tax on solar cells threatens jobs

New 30% U.S. tax on solar cells threatens jobs

After U.S. President Trump chose to impose a 30 percent tariff on imported solar cells and panels, Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA) issued a statement saying that “while tariffs in this case will not create adequate cell or module manufacturing to meet U.S. demand, or keep foreign-owned Suniva and SolarWorld afloat, they will create a crisis in a part of our economy that has been thriving, which will ultimately cost tens of thousands of hard-working, blue-collar Americans their jobs.”

Hopper added, “this decision is misguided and denies the reality that bankrupt foreign companies will be the beneficiaries of an American taxpayer bailout.”

Eugene Wilkie of the Washington-based Now Solar, which bills itself as “your residential, commercial and farm solar experts,” tweeted, “as a solar company, we are devastated to learn Trump has imposed a 30% tariff on solar panels virtually killing the solar industry. Solar employs more people than coal and oil combined. Today’s decision will cause the loss of roughly 23,000 American jobs this year.”

Source: Appleinsider

Date: April 2018

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