1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

U.S. Commerce Dept. Imposes Stiff Tariffs on Chinese Solar Panels

Discussion in 'News & Current Events' started by InTheLight, May 17, 2012.

  1. InTheLight

    InTheLight Well-Known Member
    Site Supporter

    Joined:
    Dec 17, 2010
    Messages:
    24,988
    Likes Received:
    2,268
    Faith:
    Baptist
    The Obama administration is putting tariffs of up to 250% on Chinese solar panels as an attempt to prop up the U.S. solar panel industry, which Obama has been unsuccessfully subsidizing.

    Not all industry insiders were happy with the move:

    "By increasing the price of modules and therefore the price of solar energy, these tariffs will undermine the success of the U.S. solar industry and reduce the ability of solar energy to compete with electricity generated from fossil fuel," Kevin Lapidus, senior vice president at solar energy provider SunEdison, said in a statement.


    http://money.cnn.com/2012/05/17/markets/chinese-solar-tariffs/
    -------------


    So government guaranteed loans to U.S. solar companies like Solyndra failed to move the market and now Obama decides to impose tariffs on imports to prop up U.S. manufacturers.
     
  2. LadyEagle

    LadyEagle <b>Moderator</b> <img src =/israel.gif>

    Joined:
    Feb 7, 2002
    Messages:
    22,028
    Likes Received:
    1

    They are about $500 million of taxpayer dollars (down the drain) too late. (Solyndra)

    http://www.google.com/url?sa=t&rct=...sg=AFQjCNEap7d9-qcNv35RsgsDyxgdcaEqAQ&cad=rja
     
Loading...