- Jan 16, 2020 2:42 pm GMT
"It’s been almost exactly two years since the Trump administration placed a 30 percent import tariff on solar cells and modules. And in large part, the industry has coped. Market conditions like module oversupply and growing corporate appetite for renewables have helped projections for the utility-scale business exceed pre-tariff forecasts. The administration has even logged some manufacturing wins; companies such as LG, Hanwha Q Cells and JinkoSolar have all opened module production facilities in the U.S. Despite that success, many solar players say companies would be doing even better if they weren’t forced to weather tariffs, including the huge uncertainty that preceded the administration’s actual announcement. Import tariffs started at 30 percent, declining 5 percent each year over a four-year period through 2022."
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