A Huntsville solar panel factory will close after President Joe Biden lifted tariffs on a similar factory in China this month.
“LG Electronics, a South Korea-based company, announced that it will be closing its Huntsville solar panel manufacturing operation, resulting in the layoffs of about 160 American employees and another 60 Americans who are employed as contract workers,” according to Breitbart News.
We went from America first to China first.https://t.co/Ox9eq5mgw2
— Davey G (@magacop_) February 24, 2022
“The announcement comes just weeks after Biden decided to exempt foreign-made bifacial solar panels — the overwhelming majority of which come from China — from Section 201 tariffs on solar imports to the United States that were first imposed by former President Trump in January 2018 at a 30 percent rate,” the report added.
“We hope we can retain many of our talented and dedicated employees,” The company’s CEO said in a statement.
“The company is meeting U.S. solar panel workers to identify potential opportunities within other LG business and manufacturing units,” the statement added.
This is such a bummer. LG is exiting #solar panel manufacturing and closing its 550-MW plant in Alabama. The plant is likely the 2nd largest crystalline silicon panel plant in USA.
USA will fall even further behind on panel manuf, especially without BBB.https://t.co/PRH3MJLcxM
— Kelly Pickerel (@SolarKellyP) February 23, 2022
The disappointing change marks another economic loss due to the policy changes of the Bide administration.