The solar power industry in the U.S. lost more than 3 percent of its jobs last year as it attempted to adjust to President Trump’s tariffs on imported solar panels.
The Solar Foundation said in its annual National Solar Jobs Census released Tuesday that the industry employed 242,343 people last year, down about 8,000 jobs, or 3.2 percent, from 2017.
It was the industry's second straight year of job declines. The foundation is blaming both the tariffs Trump imposed last year in an effort to protect domestic manufacturers and growing uncertainty over state-level solar incentives in key states like Massachusetts and California.
US Steel Corp. will restart construction on an idled manufacturing facility in Alabama, and it gave some of the credit to President Trump’s trade policies in an announcement Monday. Trump’s ‘‘strong trade actions’’ are partly responsible for the resumption of work on an advanced plant near Birmingham, the Pittsburgh-based company said in a statement. The administration’s tariffs have raised prices on imported steel and aluminum. The manufacturer also cited improving market conditions, union support, and government incentives for the decision. Work will resume immediately, the company said, and the facility will have an annual capacity of 1.6 million tons. US Steel said it also will update other equipment and plans to spend about $215 million, adding about 150 full-time workers. The furnace is expected to begin producing steel in late 2020. The 16,000-member United Steelworkers praised the decision to resume work, which followed an agreement with the union reached last fall. — ASSOCIATED PRESS
President Donald Trump said Tuesday that he might let a March 2 deadline slide in trade talks with China if the two countries get close to a deal.
The U.S. is scheduled to raise import taxes on $200 billion worth of Chinese goods March 2 if the U.S. and China can't resolve their differences.
Trump said he's not inclined to extend the deadline, but he might let it "slide for a little while" if talks go well. Earlier, the White House had called March 2 a "hard deadline."
U.S. negotiators began mid-level talks with their Chinese counterparts in Beijing Monday. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to step in Thursday for two more days of negotiations.
Tariffs are historically bad for economic growth and opinions will vary all over the place. I am of the opinion that something must be done to encourage US manufacturing viability. Most of the developed countries have mostly manufactured debt as China and India have parlayed the weakest economies into global powerhouses.
The power elite are all over the Chinese hybrid of hyper capitalism and state communism. The proles are so very affordable and controllable.
So where do these monies go? I would hope the bulk, if not all goes directly to the industries that are being affected by the imported products. Kind of doubt it though.
2.1 Kw Suntech 175 mono, Classic 200, Trace SW 4024 ( 15 years old but brand new out of sealed factory box Jan. 2015), Bogart Tri-metric, 700 ah @24 volt AGM battery bank. Plenty of Baja Sea of Cortez sunshine.
I would almost guarantee the government will simply keep any funds that may be left over after their bureaucracy has wined and dined.