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Stock impact report

Tariffs Drive New U.S. Solar Panel Production—Will Texas Miss Out? [Forbes]

T1 Energy Inc. (TE) 
US:NYSE Investor Relations: tecoenergy.com/news
Company Research Source: Forbes
in Texas in reaction to a FOX News report that the companies have links to China and Chinese government officials. While Patrick's ultimate goal is not clear, he and other state officials who have been quick to criticize should think about the long-term needs of the state and the nation. Limiting solar panel manufacturing will prove short-sighted indeed. Ignoring for a moment that these companies are publicly traded in the U.S., the fact that they are investing hundreds of millions of dollars to build these facilities anywhere in the U.S. is a direct response to the 50% tariffs on Chinese solar cells to encourage U.S. based production. Tariffs give a massive economic incentive to foreign companies to invest and build manufacturing plants in the U.S. In 2003, Toyota broke ground on its light truck plant in Texas in response to U.S. trade policy that imposed a 25% import tariff on light trucks Toyota now employs thousands of Texans and has invested billions of dollars in the state. Show less Read more
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