President Trump Imposes 30% Tariff

Donald J. TrumpAlas, the Trump administration has elected to impose a 30% tariff on imported solar equipment. This is dubious public policy. The stated goal is to “level the playing field” for domestic (mostly) panel manufacturers, and the best guess I have seen is if everything goes well, then maybe, maybe 10,000 jobs will be created over the next 5 years. Yup 2,000 jobs per year. Hold that thought. On the flip side, it is estimated that potentially 50,000 installation jobs will be eliminated or their hours reduced within the next 2 years. So why go through with a policy that will actually result in less US jobs? What gives. This is, in my opinion, all politics and optics to a certain “base.” It is a not so veiled attempt to throttle back the renewable energy industry in order to pander to the fossil fuel energy industry and their stakeholders. And of course, get a few sound bites out there about being “tough” on Asian manufacturers. Short-sighted is my polite way of describing this dubious decision.

Paul McMenemy
President & Owner