MOSES LAKE, Wash. (AP) — A factory that produces polysilicon for use in the manufacture of solar panels is shutting down because of the nation’s on-going trade dispute with China, the company said. REC Silicon announced it will halt production at its plant in the central Washington state community of Moses Lake on Wednesday and that its remaining 150 employees will be laid off at the end of June unless the dispute ends. “We will keep the employees for another six weeks, until we see what is the outcome of the trade war,” company president Tore Torvund told investors last week. The Columbia Basin Herald reported last weekend that REC is struggling because of China’s 57% tariff on U.S.-made polysilicon. Torvund said if the U.S. and China fail to reach agreement, the plant will be mothballed until prices improve. China imposed tariffs on U.S. polysilicon, which is used to make solar panels, after the U.S. imposed tariffs on Chinese solar panels. The tariffs … [Read more...] about China trade dispute forces closure of solar panel supplier
Solar panel china tariff
March 26 (UPI) -- U.S. tariffs on China are having a tremendous impact on Americans' income -- to the tune of more than $1 billion every month, the Federal Reserve of New York and researchers said in a new fiscal analysis. The price of goods and products saw "substantial increases" because imports include a "complete passthrough" of tariffs imposed by the Trump administration, according to research from the New York Fed, Princeton University and Columbia University. The research also said domestic products had less competition from imports, which raised prices. By the end of November, U.S. income was reduced by a rate of $1.4 billion per month, the study said. The economists -- Mary Amiti of the New York Fed, Princeton professor Stephen Redding and Columbia professor David Weinstein -- said a lack of import variety and supply disruptions were significant factors. "Economists have long argued that there are real income losses from import protection. Using the evidence to date from the … [Read more...] about Experts: China tariffs have sacked U.S. income by $1.4B a month
The company once hailed as Europe’s largest solar panel producer filed for bankruptcy Wednesday, blaming cheap Chinese panels for flooding the market. “The ongoing price erosion and the development of the business” has left the company “over-indebted and thus obliged to file for insolvency proceedings,” SolarWorld, which is also the largest U.S. solar panel maker, said in a statement. The filing comes after SolarWorld was forced to lay off employees earlier this year. The company employs around 3,000 people, including 800 in Hillsboro, Oregon, and was one of the few German-based solar companies to survive a recent market downturn. SolarWorld is only the latest bankrupt solar company to blame the Chinese. U.S.-based Suniva Inc. filed for bankruptcy in April, also citing stiff competition from Chinese solar panel makers. Suniva even asked the Trump administration to increase tariffs against Chinese solar panel imports. SolarWorld backed the call, saying … [Read more...] about Largest US Solar Panel Maker Files For Bankruptcy After Receiving $206 Million In Subsidies
Facebook Twitter Google+ LinkedIn Inexpensive and luxury RVs for every traveler Fullscreen Posted! A link has been posted to your Facebook feed. RV manufacturers now offer a wide range of lightweight campers that can be towed with small SUVs - or atop them. Trevor Hughes, Trevor Hughes-USA TODAY NETWORK Fullscreen RV manufacturers now offer a wide range of lightweight campers that can be towed with small SUVs. Trevor Hughes, Trevor Hughes-USA TODAY NETWORK Fullscreen RV manufacturers now offer a wide range of lightweight campers that can be towed with small SUVs. Trevor Hughes, Trevor Hughes-USA TODAY NETWORK Fullscreen RV dealers say the draw of family time is a major selling point for people with kids looking to adventure outside their homes. Trevor Hughes, Trevor Hughes-USA TODAY NETWORK Fullscreen RV manufacturers now offer a wide range of lightweight campers that can be towed with small SUVs. Trevor … [Read more...] about Wi-Fi boosters, solar panels and USB ports: New recreational vehicles target millennials
At a White House meeting focused on the Florida school shooting, President Trump took a brief detour into the world of solar power, bragging that he's brought back domestic manufacturing and that America makes better solar panels than China. The problem? Those statements aren't supported by facts, experts say. Veering away from remarks on preventing gun violence, the president told a group of governors that his recent import taxes on foreign-made washing machines and solar panels are already having a positive impact. After suggesting the solar tariff has been in place for two months — it's actually been less than three weeks — Trump claimed that American solar manufacturers are "opening up at least five plants." SIGN UP FOR FACEBOOK NEWS ALERTS: Message us here to get started "We had 32 solar panel plants. Of the 32, 30 were closed and two were on life-to-life resuscitation. They were dead. Now they're talking about opening up many of them, reopening … [Read more...] about Trump claims the U.S. makes better solar panels than China. That’s not quite right.