Trump-imposed
tariffs have reportedly cost Americans thousands of jobs
By
Since
President Donald Trump approved a
"reckless"
30 percent tariff on imported panel materials in January, U.S. clean energy
developers have shelved more than $2.5 billion in solar projects, moves that
have cost thousands of American jobs, according to Reuters.
The first
company to fall victim to the Trump-imposed tariff—which will decline by five
percent annually over a four-year period—announced it
would halt a planned $20 million expansion just days after the president signed
off on the U.S. International Trade Commission proposal, but others quickly
followed suit.
"Leading utility-scale developer
Cypress Creek Renewables LLC said it had been forced to cancel or freeze $1.5
billion in projects—mostly in the Carolinas, Texas, and Colorado—because the
tariff raised costs beyond the level where it could compete," Reuters reports.
Those 150 or so stalled projects
"would have employed three thousand or more workers during
installation" and "accounted for a fifth of the company's overall
pipeline." Southern Current has similarly slashed plans for $1 billion of
projects.
Pine Gate, citing Trump's tariff, "withdrew an 80-megawatt project that would have cost up to $150 million from consideration in a bidding process held by Southern Co. utility Georgia Power," is only pursuing half of the 400 megawatts of solar installations it had planned 2018, and will no longer add 30 permanent employees.
The collective cost of just these three
developers' decisions, Reuters notes, works out to "more
than double the about $1 billion in new spending plans announced by firms
building or expanding U.S. solar panel factories to take advantage of the tax
on imports."
Government figures prior to Trump's
announcement revealed that the U.S. solar industry employs more
people than coal, oil, and natural gas combined—but as Sunpower Corporation's
chief executive Tom Werner pointed out, "There could be substantially more
employment without a tariff."
Although SunPower bought the U.S.
manufacturer SolarWorld's Oregon factory and saved its 280 jobs after the
tariff announcement, the company said it also has to fire 250 people in other
roles because of the president's move.
Ultimately, Reuters concludes, "Trump's tariff
has boosted the domestic manufacturing sector as intended, which over time
could significantly raise U.S. panel production and reduce prices."
However, as Martin Pochtaruk, president
of Heliene—which is opening a U.S. facility that will employ up to 140
workers—explained: "The factories are highly automated. You don't employ
too many humans."
The report comes amid growing concerns
about automation and
the climate crisis, which bolster calls for a total transition to renewable
energy. The Trump administration, meanwhile, recently revealed it
is working on plans to give failing coal and nuclear facilities—which can't
compete with cheaper, cleaner energy—a taxpayer-funder bailout.