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Trump Taxes Solar Imports in Biggest Blow to Renewables Yet
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| Contributor | RP |
| Last Edited | RP Jan 22, 2018 05:02pm |
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| Category | Rule Change |
| Author | Brian Eckhouse , Ari Natter , and Chris Martin |
| News Date | Monday, January 22, 2018 10:00:00 PM UTC0:0 |
| Description | In the biggest blow he’s dealt to the renewable energy industry yet, President Donald Trump decided on Monday to slap tariffs on imported solar panels.
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. Just the mere threat of tariffs has shaken solar developers in recent months, with some hoarding panels and others stalling projects in anticipation of higher costs. The Solar Energy Industries Association has projected tens of thousands of job losses in a sector that employed 260,000. |
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