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Trump’s trade war has started. Who’s been helped and who’s been hurt?
From:Washington post | Edit:insomila | Time :2656天前 | 2157 Times visit: | 分享到:
In January, President Trump imposed tariffs on washing machines and solar panels, followed a few months later by steel and aluminum. On July 6, additional tariffs against Chinese products go into effect.
In January, President Trump imposed tariffs on washing machines and solar panels, followed a few months later by steel and aluminum. On July 6, additional tariffs against Chinese products go into effect.

Administration officials say the import taxes are very small compared with the country’s $18 trillion economy and that they will boost domestic manufacturing and investment. Trump has urged patience as the trade war continues to escalate. But what are the impacts of the tariffs that have already gone into effect?

The 20 percent tariff on washing machines in January was a boon to Whirlpool Corp. The company had been losing market share to Korean manufacturers LG and Samsung and repeatedly petitioned the government for protection from competitors.

The price of solar panels has dropped dramatically over the years as technology advanced and imports ballooned. In June the average price was $3.03 per watt, down 20 percent since 2015, according to solar marketplace EnergySage.

That price trend has severely challenged U.S. manufacturers such as Suniva and SolarWorld. The companies had petitioned the federal government for a tariff, and they are expected to benefit from the 30 percent solar tariff imposed in January. But there are few of these manufacturers in the United States, and an estimated 80 percent of solar panels sold here are imported, according to Vikram Aggarwal, CEO of EnergySage.

The U.S. solar industry, however, is much larger than just manufacturing, and overall it is expected to be hurt by the tariffs. Those in the highly competitive solar installation businesses often have to accept lower profits and absorb price increases rather than passing them on to consumers, explaining why prices continue to drop. Nearly 600 installation companies participated in EnergySage’s 2017 Solar Installer Survey, which found that 62 percent favor gaining market share even at the expense of gross margins.
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