Thursday, January 25, 2018

Trump Could Kill Thousands of Jobs With Tariffs on Solar Panels

And He Will, Just for the Fun of It

The Trumpmaster has decidedt to put import restrictions on Chinese made solar panels to protect inefficient U. S. manufacturers. Here is what could happen.

The prospect of the tariff poses a significant threat to the growth of solar in Florida, Georgia, North Carolina and South Carolina, according to data compiled for the Solar Energy Industries Association (SEIA) by GTM Research, a Rutgers University economist and the Hughes Hubbard & Reed law firm.

The analysis concluded the tariff would put $5.6 billion of capital investment between 2018 and 2021 at risk in the four states, along with nearly 15,000 jobs. Up to 9,000 megawatts of solar projects could be canceled, it said.
The report supports a claim made earlier this month by South Carolina Gov. Henry McMaster, who told the U.S. Trade Representative that “any increase in solar panel prices will destroy billions of dollars’ worth of investment and result in thousands of job losses” in the state.
Trump has not said, “Hey, I screwed the middle class on tax cuts and now I can screw them on jobs, and nobody who voted for mewill care.” But everyone knows he is thinking it.

Hey smucks who put him in office, nice going. Sorry if you lose your job.

Sorry people, you voted for him, you gonna lose, big time.

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