Climate change denier Donald Trump and his solar panel tariff are already causing huge problems for US companies that sell solar panels.
Unless SunPower is able to get an exemption from the Trump tariff, hundreds of new jobs and billions in new investment will be gone.
Dumb ass Donald doesn’t understand that there is a growing demand for clean energy and that demand will create investment and jobs in the United States.
First the #GOPTaxScam that’s starting to kill off jobs and now the #TrumpTariff.
SunPower Corp (SPWR.O) on Thursday said it was putting a $20 million U.S. factory expansion and hundreds of new jobs on hold until and unless its solar panels receive an exclusion from federal tariffs the Trump administration imposed this week.
President Donald Trump's decision to impose tariffs on cheap imported panels was intended to protect American manufacturing jobs, but many in the solar industry have argued that tariffs will raise costs and trigger thousands of layoffs in the installation end of the industry.
"We have to stop the $20 million investment because the tariffs start before we know if we're excluded," Werner said. "It's not hypothetical. These were positions that we were recruiting for that we are going to stop."
That investment would create "hundreds" of jobs at SunPower facilities in California and Texas, Werner said. They would include jobs in research and development, manufacturing and sales and would be focused on the company's next-generation cell technology.