• tal@lemmy.today
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    15 days ago

    build up US companies to make solar panels.

    One would expect it to have that effect. If X is more expensive to obtain abroad, then you’ll tend to have more domestic capacity being developed – as long as it’s believed that the tariffs aren’t going to go away in the near future, since otherwise, anyone investing in solar manufacturing capacity stands to lose their investment.

    • Breve@pawb.social
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      14 days ago

      Except this move is likely less about promoting domestic solar production and more about protecting oil, gas, and coal by making green energy alternatives more expensive.

      • Jack@slrpnk.net
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        13 days ago

        Exactly, if that was the only way to produce electricity maybe there is an argument that tariffs will stimulate domestic production, but in this case i think this will just hinder the transition to renewable energy sources.