US President Donald Trump’s Tariffs on Solar Hit Hard On Renewables

The import taxes are the most targeted blows on the industry yet and may have larger consequences for the energy world.

President Donald Trump has approved tariffs starting at 30% on solar equipment made outside the United States as reported by Bloomberg. 

The majority of the solar industry depends on parts made abroad for 80% of its supply – so this is a big hit on renewables. This announcement comes after Trump’s decision to pull the United States out of the Paris Agreement on climate change.

The threat of these tariffs has left the industry unstable. The Solar Energy Industries Association has predicted 23,000 job losses this year.

Click here to read the full story on Bloomberg

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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