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posted by martyb on Wednesday January 24 2018, @05:26PM   Printer-friendly
from the musk-sells-solar-cells-by-the-solar-shore dept.

Trump administration imposes tariffs on imported solar cells and modules at 30% and certain washing machines up to 50%:

This new determination sets tariffs on imported solar cells and modules at 30 percent with a gradual decrease of that tariff over the subsequent four years. In years two, three, and four, the tariff will be imposed at 25 percent, 20 percent, and 15 percent, respectively, of the value of the import. The first 2.5 gigawatts of imported solar cells imported are exempt from the tariff (but it seems that a similar provision was not made for solar modules). Though the executive branch has broad authority to impose whatever tariff it wants after the ITC finds that an industry has been harmed by imports, this tariff decision closely matches the middle-ground recommendation made by two of the four-person ITC's commissioners. Those commissioners recommended a 30-percent tariff on modules and a 30-percent tariff on imported solar cells in excess of 1GW, with declining rates after the first year.

Whirlpool shares rise after Trump tariff on washing machine imports

The new tax is expected to hit Trump's desk on Tuesday. The administration is imposing 20% tariffs on the first 1.2 million machines imported each year, and 50% on those after that. There will also be a 50% tariff on washing machine parts.

Naturally South Korea and China are upset and plan to argue their case at the WTO. From the articles I read this morning there should be a boost to US manufacturing but the gains may all be offset by the losses with people not wanting to pay more for solar. I think regardless of price people will do solar for solar's sake, but there is sure to be some impact on sales and installation jobs.

Guess I should have bought that 30% off washing machine at the Sears going out of business sale.


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  • (Score: 0) by Anonymous Coward on Wednesday January 24 2018, @06:12PM (3 children)

    by Anonymous Coward on Wednesday January 24 2018, @06:12PM (#627262)

    These are more preparations for World War 3 in addition to the internet being locked down.

    That this will be good for the American working class has yet to be seen. Trickle-down theory was classic gaslighting. Without question, it will be good for the international elites in Davos this week.

  • (Score: -1, Flamebait) by Anonymous Coward on Thursday January 25 2018, @08:19AM

    by Anonymous Coward on Thursday January 25 2018, @08:19AM (#627595)

    This is free trade, USA style.

  • (Score: 0) by Anonymous Coward on Thursday January 25 2018, @12:27PM (1 child)

    by Anonymous Coward on Thursday January 25 2018, @12:27PM (#627654)

    "Trickle-down theory was classic gaslighting"
    What does supply side economics have to do with trying to make someone think they are crazy?

    • (Score: 0) by Anonymous Coward on Thursday January 25 2018, @12:53PM

      by Anonymous Coward on Thursday January 25 2018, @12:53PM (#627656)

      INCONCEIVABLE