Trump slaps hefty tariffs on solar panels, washing machines

https://www.nbcnews.com/politics/po...tariffs-solar-panels-washing-machines-n840176
Trump slaps hefty tariffs on solar panels, washing machines

Trump's dministration is imposing a 30 % tariff on the majority of imported solar modules. The rate is supposed ratchet down to nothing after 4 years. For you laundering buffs of large residential washing machines your tariffs commences at 50 % and fades away after three years.

The U.S. solar industry is fractured as to whether they like it or not. i understand that we lost all but 10% of the solar panel market already so what effect will this be.

When I first heard of this I was very impressed but now i am not sure.

China is the enemy regarding the solar panels but I think that South Korea WITH LG and Samsung is the laundry king. Maybe Mexicans get into the detergent and water game also.
I know Electrolux is a European company.
It sounds like a great idea to slap the Chinese and the Mexicans and maybe this will make the South Koreans to stick with cell phones.

How about we really get tough as the Trumpocity wants us to believe and kick some KIA and HYUNDAI and Twist a sharp stick in the eye of Toyota power down Honda and set the sun on NISSAN.

Anyone think that this may spark a trade war or is this just Trump sticking his tongue out at the Chinese?

 

I think its a small dress rehearsal for a larger plan.

Tariffs have their pros and their cons.

Politicians avoid them because the pros are a matter of calculation and the cons are a matter of speculation.

You can already see this speculation playing out as media hype because 99.9% of the coverage on this is about the doom and gloom of "omg all these lost jobs ahhh".

Of course its all speculation but that's because speculation is easy and it reads well in mcnugget sized headlines.

The calculation side of tariffs is much harder to understand and the media market for deep thinkers is, uh, well its basically non-existent.

Anyways, I think its a dress rehearsal for a larger agenda.

Trump is putting a pawn into the field and now hes going to gauge how the trade partners of the world are going to react.

 

Judging by the fact that economists are almost universally against them and point out that they have no long term benefit, and plenty of downsides, I gotta disagree. Their "pros" are primarily just to placate special interest groups as a PR move.

 

I just read through the headlines on this, and it is almost all doom and gloom. So, I predict it will be great.

 

This should make the lefties happy.

source

 

Ok found some info.... China exported more washing machines to the US than South Kotea and Mexico combine. China 425 mil, Mexico 240 mil, and SK 130 mi,
http://money.cnn.com/2018/01/23/news/economy/washing-machines-trump-tariff/index.html

Mexico buys a lot of corn and soy beans from US but lately Mexico is buying more and more corn and soy from Brazil and Argentina. So Mexico may not put a tarif on firm and beans just go buy more from another source .

 

I guess the EU wanted a "Trade war"...

 

How stupid this is not s lefty vs righty issue it is us vs countries thatvwe buybfrom and sell to. Some people just cannot see past the stupidity of partisan politics. SAD, !

 

The criticism on the solar side is the installation industry will no longer have access to cheap Chinese panels.

 

You have the same system I used when Molly Ivins was alive

When a new issue arose that I was not well informed about I listened to what she had to say about it and did the opposit

It worked every time

 

Calm down "partizan" 1. I thought the lefties would like the fact that the EU did the same thing. sheesh

 

That and doing away with the 30% tax credit hurts the installers too

If consumers have to pay full price for their panels that takes all the fun out of going solar

 

Anyone remember how some politicians were vile opponents of helping our American companies becoming the primary manufactuers of solar panels?? They were the schmucks who let China take over the industry that we "invented". Now Trumpocity is trying to save it ... is it is too little too late?

 

Crony capitalism is not what we had in mind

Those obama doners did not know how to run a lemonade stand much less a solar panel company

All they wanted wanted was free government money

 

Why would they? Usually a real nuclear trade war dies not end well!
Were you referring to some threat of tariffs by the EU last year with China?

 

And just think, not a damn one made in the US is less in price, even though they don't have to ship them as far...

 

The pros are what they have always been; revenue for the government, competition protections for domestic labor/production markets, consumer protections against inferior goods, and the potential for favorable price control.

The bulk of that list is easy to predict, its the last one that presents all the challenges.

The trick is to correctly gauge where the domestic supply and domestic demand of any good meets then use tariffs to manipulate the overage (the imports) in such a way that it allows for the domestic supply to remain viable in the overall market.

 

Is it not a Trumpocity idea to do away with the the tax credit!!

 

What will most likely happen is new factories will open in America making products here to get arounf the tariffs

 

Kia, Hyundai, Toyota, and Honda all assemble cars in the US. Not sure what your going on about with them.

Many potential markets have been decimated by cheap imports. Solar, batteries, and certainly consumer equipment manufacturing have also been shipped overseas.

I see lots of upside in regards to employment, and investment in facilities in the US.

In the short term, I would imagine there might be some price impact, but in the long run that would go away.

In the end, why do we want to continue to ratchet down economic opportunities by becoming a society that simply services another countries products?

 

There was one problem with Solindra bug that does not explain the fact that China knocked out the rest.

 

I support doing away with the tax credit

I individuals want solar panelsthey should pay full price

 

It takes a couple few years to set up new manufacturing if the tariff are living down and expire in 4 years shy would the companies bother. Companies need long term stability.

 

Liberals just want to distribute the wealth equally and give little tought to where the wealth comes from in the first place

 

They are certainly proving your point in California.