President Trump wasted no time in getting tough with China and Obama should be ashamed. According to the Hill, Trump just imposed tariffs of 30 percent on solar panel technology imported from China.
Chinese makers took advantage of Obama’s solar push more so than any domestic manufacturers and that was the real shame of Obama’s trade deals.
He could have created a huge domestic manufacturing segment to produce the solar panels that he subsidized with taxpayer money.
Instead, all he really did was build up the Chinese market share for key solar panels. Talk about a moron, the guy helped the Chinese dominate an industry rather than help Americans grow our domestic one.
It was a scandal that went unreported by the fawning media but now with Trump at the helm, it is a whole new ballgame.
“The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, and businesses in this regard,” U.S. Trade Representative Robert Lighthizer said in a statement.
Suniva and SolarWorld Americas, two bankrupt American companies say the tariffs would boost domestic manufacturing and add more than 100,000 jobs.
Suniva issued a statement supporting Trump’s action:
“Over the last 5 years, nearly 30 American solar manufacturers collapsed; today the President is sending a message that American innovation and manufacturing will not be bullied out of existence without a fight. This is a step forward for this high-tech solar manufacturing industry we pioneered right here in America.”
America get ready for an economic boom the likes we have never seen because Trump is not playing games.