China Money Network
It’s not often that the U.S. imposes steep tariffs on imports and Chinese companies get to celebrate. But that’s exactly what’s happened when Donald Trump announced a 30% import tariff on solar energy panels today.
Suniva Inc., which widely advertises its products as “made in America,” was one of two U.S.-based solar panel makers to successfully petition the Trump administration to impose the tariffs, arguing that cheap imports of had pushed the company into bankruptcy.
But while its true that Suniva, headquartered in Norcross, Georgia, was founded in the U.S. and manufactures in the U.S., it is in fact 63% owned by Chinese conglomerate Shunfeng International Clean Energy, which is traded on the Hong Kong stock exchange.
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