Quote:Just one week after the Trump administration announced a massive 30% tariff on imported solar panels, one of China’s largest solar panel manufacturers announced plans to open a manufacturing plant in the United States.

The company, JinkoSolar, said on Monday that they have received the green light from their board of directors to “finalize planning for the construction of an advanced solar manufacturing facility in the U.S.” CNN Money reports:

The statement suggested Jinko’s decision was tied to the new tariffs, saying that the company “continues to closely monitor treatment of imports of solar cells and modules under the U.S. trade laws.”

“This deal will further solidify our leadership in the U.S. market,” said Nigel Cockroft, general manager of Jinko U.S. “An agreement of this magnitude exemplifies JinkoSolar’s commitment to provide our clients with the most reliable products and dependable, regional customer service.”

Regarding the huge hike in import tariffs, Trump said last week:

When we do this, a lot of manufacturers will be coming to the United States to build washing machines and also solar. For both solar and washing machines, these executive actions uphold the principle of fair trade and demonstrate to the world that the United States will not be taken advantage of anymore. Our companies will not be taken advantage of anymore.

(01-31-2018 10:45 AM)UofMstateU Wrote:  Same thing happened with the washers and the driers. He put a tariff on those, and LG came out and said that while prices were going up, they would come back down because they were about to open their american plant in TN, and appliances made there would not be subject to the tariff.

So, instead of a trade war, we've got foreign businesses spinning up manufacturing plants here in the US.

(01-31-2018 10:50 AM)Claw Wrote:  This is good for everyone.

(01-31-2018 10:57 AM)WKUYG Wrote:  Before some idiot gets on here and talks about prices will go up.....

did anyone see a price decrease on GE appliances when they shutdown most of their American lines and moved them out of the U.S.? Nope...did not happen.

Same thing when China flooded us with cheap steel...building cost did not go down. Americans lost jobs, good paying jobs. A steel company in my area is waiting on the President to impose Tariffs On Chinese steel. Once they do with in 60 days they will open one of the lines they had to close. That's 100,jobs at $60,000 a year. With in the first year they will open 2 other lines

(01-31-2018 10:50 AM)Claw Wrote:  This is good for everyone.

(01-31-2018 12:46 PM)Fo Shizzle Wrote:  Count me as not particularly thrilled that this expensive and inefficient technology is going to be pushed ahead further and at the taxpayers expense.

(01-31-2018 10:57 AM)WKUYG Wrote:  Same thing when China flooded us with cheap steel...building cost did not go down. Americans lost jobs, good paying jobs. A steel company in my area is waiting on the President to impose Tariffs On Chinese steel. Once they do with in 60 days they will open one of the lines they had to close. That's 100,jobs at $60,000 a year. With in the first year they will open 2 other lines

Linette Lopez from Business Insider Wrote:Now that the Trump administration is talking about a steel tariff of up to 25%, it's time to talk about what happened the last time the US tried one.

It all went down not so long ago — 2002, under the supposedly free-market-friendly Bush administration. The 30% tariff was gone by 2003, lasting about 20 months.

Why? Because the US got beaten like it stole something.

Quote:When all was said and done, the Institute for International Economics (IIE) estimated that as many as 26,000 jobs were lost in steel-using industries (like the auto industry, for example).

(01-31-2018 12:52 PM)Fo Shizzle Wrote:  

(01-31-2018 10:50 AM)Claw Wrote:  This is good for everyone.

Im not so sure.
Im staring at a 20 acre field full of inefficient solar panels right now out my office window. Only the land owner, maker of the panels and the installers come out winners. Us as taxpayers get shafted having to pay for these monstrosities called Solar Farms. If it can be done without subsidies? Im fine with it. Otherwise?.... To Hell with it until it becomes viable to stand on its own competitively.

(01-31-2018 11:30 AM)TechRocks Wrote:  

(01-31-2018 10:50 AM)Claw Wrote:  This is good for everyone.

Anyone else tired of winning?

(01-31-2018 12:46 PM)Fo Shizzle Wrote:  Count me as not particularly thrilled that this expensive and inefficient technology is going to be pushed ahead further and at the taxpayers expense.

(01-31-2018 02:06 PM)Redwingtom Wrote:  

(01-31-2018 12:46 PM)Fo Shizzle Wrote:  Count me as not particularly thrilled that this expensive and inefficient technology is going to be pushed ahead further and at the taxpayers expense.

I used to have this same argument with DrTorch regarding alternative fuels. You both seem to think that there will never be any sort of technological advancement in these areas so that we should just abandon it now. Naturally, I think that's the wrong approach.

(01-31-2018 10:49 AM)Kronke Wrote:  Very stable genius.