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Solar Power Imports Dim After Tariffs, Washing Machines Spin Upwards

Cons. Discr. - Durables 346 Energy - Renewables 136 Industrials - Capital Goods 470 U.S. 4633

Over one year after the implementation of section 201 “safeguarding” tariffs on U.S. imports of solar panels and washing machines it is clear both industries have remained resilient. Solar power production in California set a new record on Mar. 16 with capacity growth continuing despite a 21.1% year over year decline in seaborne imports of solar panels in the first two months of 2019. Jinko Solar and Hanwha Q-Cells boosted supplies from near-zero a year ago and offset a drop in supplies by Trina Solar and Longi Solar. In the washing machine sector imports actually increased by 21.3%, led...

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