JK1, good article - did you read it. The Biden
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Posted On: 09/19/2024 11:09:53 AM
JK1, good article - did you read it.
The Biden and Trump administrations both raised import tariffs, opens new tab for solar products and the Harris administration is expected to align with this approach. An oversupply of panels from China has hurt U.S. and European manufacturers and further tariff actions are possible. Trump has floated the idea of higher tariffs on all imports and has spoken of additional tariffs on Chinese imports.
“I think if anything, and I think both candidates agree, reducing dependency on the Chinese supply chain is something that they both can get behind. That’s why we are building our product in the USA and sourcing it in the USA,” Parvizian said.
Since the inflation act, solar and storage deployment has soared and domestic module manufacturing capacity, opens new tab has hiked from 8 GW to 31 GW, according to data from SEIA and Wood Mackenzie. Invenergy has used incentives in the inflation act to build one of the U.S.' largest solar panel manufacturing factories, opens new tab in Ohio.
Pretty clear they are going after the Chinese supply chain. The goal is to building our product in the USA and sourcing it in the USA. . Note the article states both building and sourcing in the USA. This as opposed to building in the USA and sourcing from China.
Investors Hangout: https://investorshangout.com/post/view?id=671...z8mHpasFcV
The Biden and Trump administrations both raised import tariffs, opens new tab for solar products and the Harris administration is expected to align with this approach. An oversupply of panels from China has hurt U.S. and European manufacturers and further tariff actions are possible. Trump has floated the idea of higher tariffs on all imports and has spoken of additional tariffs on Chinese imports.
“I think if anything, and I think both candidates agree, reducing dependency on the Chinese supply chain is something that they both can get behind. That’s why we are building our product in the USA and sourcing it in the USA,” Parvizian said.
Since the inflation act, solar and storage deployment has soared and domestic module manufacturing capacity, opens new tab has hiked from 8 GW to 31 GW, according to data from SEIA and Wood Mackenzie. Invenergy has used incentives in the inflation act to build one of the U.S.' largest solar panel manufacturing factories, opens new tab in Ohio.
Pretty clear they are going after the Chinese supply chain. The goal is to building our product in the USA and sourcing it in the USA. . Note the article states both building and sourcing in the USA. This as opposed to building in the USA and sourcing from China.
Investors Hangout: https://investorshangout.com/post/view?id=671...z8mHpasFcV
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