Posted on 01/30/2018 3:41:02 PM PST by gubamyster
President Trump wants Chinese solar panels firms to make more of their products in the U.S. -- and they appear to be getting the message. A week after the Trump administration unveiled tariffs of up to 30% on imports of solar panels, one of China's biggest manufacturers announced that it plans to open a new plant in the U.S.
JinkoSolar said in a statement Monday that its board of directors had given the go-ahead to "finalize planning for the construction of an advanced solar manufacturing facility in the U.S."
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."
A Jinko spokesman declined to provide more details on the planned U.S. factory or say whether the move was prompted by Trump's tariffs. By manufacturing products in the U.S., Jinko could avoid having to pay the new tariffs on goods it sells in the country.
News of its U.S. plans was buried at the bottom of a statement about Jinko signing up a big new U.S. customer. Jinko has an American subsidiary, but the company declined to say whether it already has any production facilities in the U.S.
The tariffs Trump announced a week ago are intended to protect U.S. manufacturers. They resulted from a trade complaint by the U.S. subsidiaries of two foreign solar panel makers. At the same time, Trump also announced higher tariffs on imported washing machines, a blow to big South Korean manufacturers such as LG Electronics and Samsung (SSNLF).
(Excerpt) Read more at money.cnn.com ...
> There are no American companies making solar panels, they
> have all gone out of business because the GOP has tried
> for years to shut down solar because coal and nat gas
> give huge sums to republicans.
While it is true that no American companies are making solar panels it’s not because of the GOP. It’s because of market forces and because the Chinese pour government funds into their solar manufacturing companies so they can operate at a loss and it’s off the books, they can fund the loss through other means, much the way IBM used to work their contracts.
They are better than they used to be. Change like that takes time. I buy clothes and shoes on Amazon, some from small Chinese companies. They communicate quickly and are very accommodating. They are trying.
Wanxiang is a Chinese solar company that is already manufacturing in Rockford, Illinois. So this isn’t new, and the Trump tariff makes a nice incentive.
All these years globalist free traders have shouted from the roof tops, “no tariffs, you must out source your factories, profit above all else, free tradeeee!!!”. They made a bundle strip mining our country.
Now Trump gets strategic and tells multinational corps and China that if they want to be in the largest consumer market in the world, toe the line. Shocker, they are toeing the line. Yes, it was just that easy to do.
What did the GOP do to “shut down solar”?
...With a US based company as a 51% partner.
Why not a front loader? I’ve been told they don’t clean as well, stinky water gets left behind, and it would be harder for me to bend into one, hit my head. I want a top loader like I bought 30 years ago before the manufacturers started to change all the models.
“They are better than they used to be. Change like that takes time.”
We have been told that since the “opening” to Communist China began. But in actuality political change has been zero, zip, nada; and recently party control and it’s political use against “enemies of the state” has become greater, deeper and broader. All the Chinese people have, even economically, are “privileges” granted, and able to be rescinded, by their dictators, not rights.
Trade (import/export) is a different matter than allowing Chinese mainland companies any operations within the domestic U.S. economy.
http://fortune.com/2016/03/18/the-biggest-american-companies-now-owned-by-the-chinese/
https://mobile.nytimes.com/2017/12/28/business/tax-bill-china.html?referer=http://www.google.com/
“One million solar power installations now dot America’s rooftops and landscape, an achievement being hailed as a milestone by advocates of solar energy. There were just 1,000 such projects at the turn of this century, and only six years ago, going solar cost twice as much.
Still, those one million installations deliver just 1 percent of electricity in the U.S., the world’s second-largest energy consumer after China. Globally, the figure is roughly the same. If the goal of keeping global warming to no more than 2 degrees Celsius is to be met, then climate-changing emissions will have to drop by as much as 70 percent by mid-century.”
We have a ways to go.
Yes, and every single one of the Chinese companies who have been able to acquire a U.S. company are not strictly private enterprises. They all have some form of majority control by the Chinese government and/or the Communist Party. What researchers often find is the majority of shares are owned by other “companies” which often are (1)shell companies whose listed “owners” are poor and ignorant people who know nothing about the company and apparently either get paid something for the use of their name or just had their name used by government officials or a government entity, or (2) companies or groups of companies that were actually created and wholly owned by some state government unit or state enterprise. In each way the party is in control of all the network of so-called “private” enterprises.
Yes, you are right, I do not think any of the acquisitions in the Fortune article should have been allowed; not a one.
I get the feeling you are very anti-China. How do you feel about trade with Viet Nam? I happened to notice recently a pair if my granddaughter’s pants were made in Viet Nam.
As I said, export/import is one thing, while direct participation (operations) within the domestic U.S. economic sphere is a different matter; in my opinion.
As I said, export/import is one thing, while direct participation (operations) within the domestic U.S. economic sphere is a different matter; in my opinion.
I am not “anti China”, as my Chinese friends know. I, like they, are “anti Communist party and its dictatorship of China”.
So much for the “trade war” progressives were predicting lol.
ROFL!!!
Begs the question, doesn't it? Who says "global warming" is real, or that it has anything to do with "emissions"?
IF those things were true they wouldn't sell any. It's not true. They clean fine. No water gets left behind plus they have an option to stir them up to keep the load fresh if you leave them in the washer overnight. They make pedestals to raise them up to prevent you bending over much.
The article you linked to also pointed out that Germany and China lead the US.
What you don’t understand is that the situation is dynamic. With the tariff in place a 100% domestic manufacturer can now start making product and compete with the ChiCom made product. That is the beauty of the tariff.
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