WASHINGTON (Jan. 22, 2018) – The R Street Institute expressed deep disappointment at today’s announcement that President Donald Trump has decided to impose tariffs of 30 percent in the first year on solar products. The tariffs, which will gradually phase down over four years, come in response to the International Trade Commission’s injury determination in the Suniva case.
R Street Trade Policy Counsel Clark Packard said the Trump administration’s decision is regrettable and outlined a number of reasons that imposing restrictions on imported solar products is a mistake.
“The domestic solar industry has been growing at a rapid pace in recent years. The petitioners in this case—both bankrupt firms that are majority foreign-owned—employ about 1,000 Americans, while the rest of the domestic industry employs more than 260,000 Americans up the entire value chain.” Packard said.
“More good-paying jobs will be jeopardized by today’s decision than could possibly be saved by bailing out the bankrupt companies that petitioned for protection,” Packard added. “Today’s decision also will jeopardize the environment by making clean energy sources less affordable.”