• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

2

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

3

Current price of oil as of July 28, 2026

1

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

2

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

3

Current price of oil as of July 28, 2026
TechSolar

Trump’s Solar Tariff May Cost Up to 23,000 U.S. Jobs, But Boost Domestic Manufacturing

By
McKenna Moore
McKenna Moore
Down Arrow Button Icon
By
McKenna Moore
McKenna Moore
Down Arrow Button Icon
June 11, 2018, 4:39 PM ET
Add Fortune on Google for similar content.

Over $2.5 billion in large installation projects have been stalled or cancelled due to President Trump’s newly imposed tariffs on imported solar panels, according to Reuters.

Since 2010, the U.S. solar power sector had been growing rapidly, but then slowed 2017. Over those seven years, the solar workforce increased 168%, but now, with the tariffs, the industry may be at a standstill.

The 30% tariff on imported panels, which President Trump announced in January, will last four years and decrease 5% each year. While the tariff may encourage investment in solar manufacturing stateside, it will cost up to 23,000 workers their jobs, Abigail Ross Hopper, president of the Solar Energy Industries Association, told the New York Times.

“The tariffs have slowed down the growth of our industry,” she said, citing the higher cost of domestically produced solar panels. “And that means jobs are not being created.”

Solar developers said the levy would raise the cost of major solar installations by 10% at the outset. Developers that couldn’t afford the increased cost had to shut down development of their installations.

Because of the tariff, McCarthy Building Companies had to cut its planned workforce of 1,200 people over several projects this year to around 600, according to senior vice president of renewable energy Scott Canada.

The tariff is changing the math on which markets are feasible for solar projects. Last year, developers were looking to expand services in the Midwest, but the renewable energy incentives in blue states like Massachusetts make that a safer bet for development now.

Despite the tariff, some firms continue to move forward in the Midwest in the hopes of gaining a financial advantage in the area after the tariff is phased out. Others stockpiled foreign-made solar panels before the tariff was imposed so that they could continue their work without worrying about the levy, at least for a while.

The intention of the tariff was to boost the manufacturing sector in America, which it has, albeit modestly. So far, about 700 new jobs in Ohio and Florida have been created to increase panel construction. However, that number may be limited due to increased automation in manufacturing.

About the Author
By McKenna Moore
Twitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Tech

Photo of humanoid robot waving Chinese national flags
InnovationChina
China’s robot makers shipped 25x more units than U.S. rivals in 2025, so America banned them
By The Associated Press and Chan Ho-HimJuly 29, 2026
3 hours ago
sally
InnovationRobots
An Upstate New York school district bought a $60K robot teacher that looks uncomfortably like a sex doll
By Philip Marcelo and The Associated PressJuly 29, 2026
3 hours ago
An iPhone showing a display of an events contract on Polymarket.
Startups & VentureCryptocurrency
Exclusive: Polymarket launches institute to fund independent academic research on prediction markets
By Camila Grigera NaónJuly 29, 2026
3 hours ago
Nnamdi Iregbulem is a partner at Lightspeed Venture Partners
CommentaryVenture Capital
Button-mashing never worked in StarCraft. Tokenmaxxing won’t work in AI
By Nnamdi IregbulemJuly 29, 2026
4 hours ago
Computer language, Token is the basic unit of AI large models
AICFO Daily
CFOs are hitting a ‘cost wall’ on AI
By Sheryl EstradaJuly 29, 2026
4 hours ago
Daniel Nadler wears a black shirt, smiles, and speaks into an earpiece microphone
AITerm Sheet
A new medical AI study found the same flaw in OpenEvidence, OpenAI, Anthropic, and Doximity
By Lily Mae LazarusJuly 29, 2026
4 hours ago

Most Popular

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
Law
eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
By The Associated Press and Leah WillinghamJuly 28, 2026
19 hours ago
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
C-Suite
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
By Nick LichtenbergJuly 27, 2026
2 days ago
Current price of oil as of July 28, 2026
Personal Finance
Current price of oil as of July 28, 2026
By Joseph HostetlerJuly 28, 2026
1 day ago
The brutal math behind Gen Z's lonely weekends: $15 drinks are driving a generational 'spending hangover'
Economy
The brutal math behind Gen Z's lonely weekends: $15 drinks are driving a generational 'spending hangover'
By Nick LichtenbergJuly 28, 2026
1 day ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
4 days ago
Current price of gold as of July 28, 2026
Personal Finance
Current price of gold as of July 28, 2026
By Danny BakstJuly 28, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.