Summary
Chinese solar companies, which control over 80% of the global solar market, have long avoided U.S. duties by shifting production to Southeast Asia.
Over 80% of U.S. solar imports now come from nations like Malaysia and Vietnam, but new U.S. tariffs are expanding to these regions.
In response, Chinese firms are exploring manufacturing in the Middle East.
Analysts say such measures expose the challenges of reducing U.S. reliance on China’s solar supply chain.
So…it obvs doesn’t directly impact / punish China like they’re trying to say it would, right?
But is the idea that U.S companies would be incentivized to move manufacturing elsewhere? (Like domestically? HAHAHA YEAH RIGHT anyway…)
Guys should I be using my limited income to upgrade my equipment now before everything is like 30% hiked? :(
(No I’m not an expert in globo-economics)