The climate cost of America’s infinite tariffs

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There are few places where inflation is felt as profoundly these days as tariff rates.A few months ago, President Donald Trump’s election campaign promise of a 10% levy on all US imports seemed shocking. Now we’re looking at a 46% rate on Vietnam, and 145% on China.

This week, Washington went one better: If you’re manufacturing solar panels in Cambodia, you could face a 3,521% impost on any modules sent off to the US. Alongside lower levies imposed on Malaysia, Thailand and Vietnam, that means about 80% of US panel imports face taxes that make…



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The climate cost of America’s infinite tariffs


There are few places where inflation is felt as profoundly these days as tariff rates.A few months ago, President Donald Trump’s election campaign promise of a 10% levy on all US imports seemed shocking. Now we’re looking at a 46% rate on Vietnam, and 145% on China.

This week, Washington went one better: If you’re manufacturing solar panels in Cambodia, you could face a 3,521% impost on any modules sent off to the US. Alongside lower levies imposed on Malaysia, Thailand and Vietnam, that means about 80% of US panel imports face taxes that make…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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