Trump deals blow to solar makers, industry to focus on growth away from U.S. [Reuters]
YINGLI GREEN ENERGY (YGE)
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Source: Reuters
Trump deals blow to solar makers, industry to focus on growth away from U.S. | Reuters Reuters Staff 4 Min Read * U.S. introduces import tariff on solar equipment imports * Decision is a “shock to Asian suppliers” - Wood Mackenzie * Governments in Asia threaten reaction to U.S. protectionism * Solar industry will look elsewhere for growth By Henning Gloystein SINGAPORE, Jan 23 (Reuters) - U.S. President Donald Trump’s decision on Monday to slap tariffs on solar power equipment imports will pull investments in the technology out of the United States and into Asia and other regions, as the industry tries to make up for the lost opportunity in America, industry sources said on Tuesday. Trump approved a 30 percent tariff on solar cell and module imports that will drop to 15 percent in four years. Up to 2.5 gigawatt (GW) of unassembled solar cell imports are allowed tariff-free in each year. The decision will likely curb surging growth in U.S. solar power capacity, the world’s fourth-large
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