Home Headline News World STABLE GENIUS: Trump Jacks Up Tariffs On Solar Panels. Here’s How China Responded. Manufacturing continues to boom under Trump . . . By Ryan Saavedra

STABLE GENIUS: Trump Jacks Up Tariffs On Solar Panels. Here’s How China Responded. Manufacturing continues to boom under Trump . . . By Ryan Saavedra

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Just one week after the Trump administration announced a massive 30% tariff on imported solar panels, one of China’s largest solar panel manufacturers announced plans to open a manufacturing plant in the United States.

The company, JinkoSolar, said on Monday that they have received the green light from their board of directors to “finalize planning for the construction of an advanced solar manufacturing facility in the U.S.” CNN Money reports:

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.”

“This deal will further solidify our leadership in the U.S. market,” said Nigel Cockroft, general manager of Jinko U.S. “An agreement of this magnitude exemplifies JinkoSolar’s commitment to provide our clients with the most reliable products and dependable, regional customer service.”

Regarding the huge hike in import tariffs, Trump said last week:

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