Pretty sure the non-tariffed countries raised their prices to make more profit since there is no lower priced competition. Probably better to buy from a tariffed country as the excess money goes to the U.S. government, that is your over-spent tariff dollars are at least doing something useful.
I am expecting 'solar mules' to take the place of drug mules...
Early numbers show illegal crossing are way down (50-60%), but fentanyl hasn't really decreased (and therefore probably not getting rid of illegal murders) and I didn't see anything about panels... but it might just be hush hush. ; -)
But, he's got a speech coming up at 21:00 EST to tell it like it is ...so expect changes because solar isn't drill baby drill!
Finally watched it, he said he'd escalate tariffs as needed to fight retaliation. So, based on the first paragraph of this post, a good time for all solar panel producers, except those in the U.S. (since the tarrifs will go away with the next administration and investments in those companies will inevitably go belly up as they have in the best).
If they were already at the end of the race to the bottom, presumably prices will have to rise.
Prices in the U.S. will rise, there's no incentive for them to lower panel costs to the U.S. as no one is buying them in mass due to "drill baby drill" policies.
Those 100 power plants they're bringing back (mostly coal) from retirement due to the energy crisis will have an impact too. As there is no crisis, that means there will be a glut of energy. Normally a glut of a product would mean lower prices (those plants were shut down because they were too expensive to run compared to renewables). But, you can't lower the price of electricity because the utilities would go out of business...that can't be allowed because people need power. So, who's power are we going to throw away? What will the FERC do? The obvious choice is to turn down residential roof top solar because they don't have a lobby and then renewables because the national policy is anti-renewable. So, consumer prices will rise, and so will pollution and health problems.
I wonder if the US tariffs would push a lot of the Chinese goods to other markets. Other countries can then benefit from this flood of excess inventory maybe?
I think so, there's no incentive for China to reduce prices when they're deploying the equivalent of
5 nuclear power plants worth of solar per week last year and are looking to do it again. Solar and wind with Battery now have LCOEs on par with Natural Gas (cheapest previously) so all developing countries (e.g., India, Africa) can easily devour the rest of China's output. Which means all those investing in pipelines and fuel development now will probably never recoup their investments.
Send some to Canada, I'm in if it makes em cheaper.
Pfft.... Canada
competes with China making panels.
My guess is that they will just route shipping through a country without a tariff.
They are doing that. It's a little complicated as they need a factory in that country and a few people beat to explaining it... but, what they didn't say was that since tariffs raised prices, the middleman is also raising the prices and pocketing the difference rather than the U.S. collecting the tariff money. It's also why U.S. investment in solar to develop manufacturing are doomed, if they can build them for the tariff price when the tariff price goes away the American company can no longer compete.