SHOCKING Chinese Response to Trump Tariff on Solar Panels
President Trump continues to make moves that confound the so-called experts.
While Leftists found many people to decry the president’s increase of 30 percent on solar panels, President Trump pressed on.
Even those in the solar panel installation business cried, saying the tariffs would put people out of work. They claimed that people would no longer buy solar panels, thus their work would decrease.
Obama trained these morons to believe in one thing: failure. But as we learn from President Trump, when you draw a line and mean it, good things will come.
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As CNN explains:
President Trump wants Chinese solar panels firms to make more of their products in the U.S. — and they appear to be getting the message.
A week after the Trump administration unveiled tariffs of up to 30% on imports of solar panels, one of China’s biggest manufacturers announced that it plans to open a new plant in the U.S.
JinkoSolar said in a statement Monday that its board of directors had given the go-ahead to “finalize planning for the construction of an advanced solar manufacturing facility in the U.S.”
The statement suggested Jinko’s decision was tied to the new tariffs, saying that the company “continues to closely monitor treatment of imports of solar cells and modules under the U.S. trade laws.”
That’s right, Americans. President Trump has brought manufacturing to America.
While Obama lost 17,000 manufacturing jobs in his last year as president, Trump gained over 171,000 in his first year. Now Americans understand why.
What a difference a president makes!
Interestingly, President Trump hasn’t begun trying to impress. Trump’s far-reaching plans will bring a tsunami of prosperity to America. The markets merely wait for his trade deals begin to kick in.
The article continues, explaining additional tariffs on washing machines.
The tariffs Trump announced a week ago are intended to protect U.S. manufacturers. They resulted from a trade complaint by the U.S. subsidiaries of two foreign solar panel makers. At the same time, Trump also announced higher tariffs on imported washing machines, a blow to big South Korean manufacturers such as LG Electronics and Samsung ( ).
This move was done to correct a 2016 trade imbalance from South Korea of almost $28 billion. And you can bet the South Koreans will take the matter seriously.
State-side however, Whirlpool was thrilled. So much so, Whirlpool announced new jobs:
The new full-time employees will work at a factory in Clyde, Ohio, Whirlpool said on Monday. The American appliance maker also vowed to make broader investments in manufacturing and innovation.
Whirlpool, based in Benton Harbor, Michigan, renewed allegations last year that its South Korean rivals illegally undercut prices on washing machines. In May, it filed a so-called safeguard petition, which is meant to provide help to domestic manufacturers hurt by importers selling products at excessively low levels.
“This is a victory for American workers and consumers alike,” Chief Executive Officer Jeff Fettig said in a statement on Monday. “By enforcing our existing trade laws, President Trump has ensured American workers will compete on a level playing field with their foreign counterparts, enabled new manufacturing jobs here in America and will usher in a new era of innovation for consumers everywhere.”
Shares of Whirlpool and some American solar panel manufacturers jumped 5 percent on the announcement.
So President Trump continues keeping his promises. And instead of American trading partners pulling in their horns, most have figured out that the president means business. Moreover, he will put American manufacturers first, while allowing them access to the largest market per capita in the world.
Let’s just call what President Trump did another big win for America.