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 ...
I hope your gook made clothes make you itch.
The GOP, by keeping tariffs ridiculously low and siding with the globalists, has caused all US industry to suffer with a bias towards offshoring. THE GOP sucks. Actually the Democrats could care less about industry so both parties do not represent the vast majority of the American people. I’d say both parties combined represent maybe about 25% of the electorate. If that. We need chioces.....
We fight back and they call that a war. What a joke. We need a uniform 20% tariff now! Can you imagine economic activity that would stimulate?
I agree completely.
Isn’t it funny how President Trump can bring jobs back just by standing up for the nation after 8 years of being told this was the “new normal”?
We are witnessing the economic engine of America being driven down the driveway, heading for the “growth highway” after years of idling.
My comments were not directed at the tariffs.
My two year old granddaughter’s clothes but thanks.
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