Court Rules That Imported Solar Panels Are Bad For US Manufacturing (theverge.com)

The International Trade Commission has ruled that American companies are being hurt by cheap solar panels from overseas, providing an opportunity for President Donald Trump to tax imports from countries like China. The Verge reports: Today's unanimous decision ruled that the companies SolarWorld Americans and Suniva were struggling financially not because of their own poor management, but because they couldn't compete with cheap panels from countries like China, Mexico, and South Korea. Suniva is now suggesting import duties of 40 cents a watt for solar cells, and a floor price of 78 cents a watt for panels. (Right now, the average floor price, worldwide, for panels is about 32 cents.) The Solar Energy Industries Association warned that implementing these suggestions could end up doubling the price of solar, thus destroying demand and causing Americans to lose their jobs.

Comments

Re:well, yeah

[alexborges]

Deficits between a rich nation and a poor one means that the rich nation, with the most power, imports more than the poor one, with the lesser power. Why people have a hard time understand this I just dont know.

Only poor or growing countries have superavits. Yes, like China, which has more really really poor people than the whole population of the united states multiplied by two.

I dont even know why I bother trying to explain...