Changing Workforce / Energy Management / Supply Chain Management

Trump's solar tariff could cost up to 23,000 U.S. jobs but boost domestic manufacturing

By Fortune

Jun 11, 2018

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Over $2.5 billion in large installation projects have been stalled or cancelled due to President Trump’s newly imposed tariffs on imported solar panels, according to Reuters.

The 30% tariff on imported panels, which President Trump announced in January, will last four years and decrease 5% each year. While the tariff may encourage investment in solar manufacturing stateside, it will cost up to 23,000 workers their jobs, Abigail Ross Hopper, president of the Solar Energy Industries Association, told The New York Times.

Read the full story at fortune.com.