this post was submitted on 12 Dec 2024
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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.
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.
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.
Your second part is why I've been saying we won't be building factories.
We are building the refinery in Tennessee, and the Quary is in Canada. 1 company is Sonova Global.
So naturally the Tariffs against Canada will be us making our local refinery pay more to import materials from their own company's query across the border
FYI, it's spelled quarry. That is all.
Haha, I spelled it wrong twice, talented