One of China’s leading solar companies, initially set to receive nearly $2 billion from President Joe Biden’s climate incentives, is selling its new Texas factory.
Solar company Trina Solar maintains the decision isn’t tied to President-elect Donald Trump’s anti-China stance or his pledge to dismantle Biden’s green incentives, according to Politico. However, experts suggest the sale points out Trump’s impact on energy markets as he aims to curb Chinese economic influence.
Trump has proposed a broad tariff of 10% to 20% on all imports, with additional tariffs of up to 100% on Chinese goods, CNBC reported. He argues this plan would generate revenue for the U.S. and ensure rival nations contribute financially.
Bipartisan legislation has already emerged to prevent Chinese-linked solar firms from receiving U.S. tax benefits, Politico reported. Trina Solar’s decision to sell…
