“China’s solar subsidy cuts erode the impact of Trump tariffs” – www.reuters.com/article/us-usa-solar/chinas-solar-subsidy-cuts-erode-the-impact-of-trump-tariffs-idUSKCN1LF18K
A move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market – pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports, according to industry officials.
That’s good news for U.S. companies that purchase and install imported solar panels, including Inovateus Solar and Pine Gate Renewables, which had expected that the protectionist policy would raise their costs and slow their business.
Trump wants to move ahead with tariffs on Chinese imports worth $200 billion next week