Green energy, for year’s it has been a growing sector in the manufacturing industry but what does Trump’s recent tariff mean for this sector? Before we begin, it’s important to understand the tariff itself. The tariff proposes a penalty for solar panels that come into the United States. The theory is that this tariff will help reduce the jobs going overseas and encourage job growth in the United States.
However, this tariff has actually had the opposite effect than was attended and has caused many renewable energy companies in the United States to freeze investments and to cancel larger solar panel projects, that could affect thousands of jobs in the nation and manufacturing sector.
What does this mean for manufacturing?
Well yes, Trump is trying to give jobs back to the United States but those jobs will come slower than expected. Energy has long been a growing sector in the United States, but without the panels coming from overseas it’s now going to take awhile for United States manufacturing to catch up with what was being made overseas.
The tariff is rumored to have cost 23,000 workers jobs, many believe which will affect many building and manufacturing companies. The jobs will eventually come back as companies in the United States look to invest in solar manufacturing but it will take awhile. Manufacturing does not happen overnight and it might take months before we regain the jobs that we once had.
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