January 30, 2018: 4:22 AM ET
President Trump wants Chinese solar panels firms to make more of their products in the U.S. — and they appear to be getting the message.
A week after the Trump administration unveiled tariffs of up to 30% on imports of solar panels, one of China’s biggest manufacturers announced that it plans to open a new plant in the U.S.
JinkoSolar said in a statement Monday that its board of directors had given the go-ahead to “finalize planning for the construction of an advanced solar manufacturing facility in the U.S.”
The statement suggested Jinko’s decision was tied to the new tariffs, saying that the company “continues to closely monitor treatment of imports of solar cells and modules under the U.S. trade laws.”
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