The Winners and Losers in Trump’s Trade Crackdown
- U.S. slaps tariffs on solar equipment, washing machines
- Some manufacturers say actual duties could have been worse
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The U.S.’s decision this week to slap duties on imports of solar panels and washing machines will have an impact from China to Sweden. But sorting out the winners from the losers isn’t straightforward.
While the obvious winners are American manufacturers that will likely become more competitive, foreign companies that have built a local presence could also gain an edge. On the losing side, overseas appliance producers may lose market share, but tariff levels for some solar panel makers based outside the U.S. may not be as steep as they had expected.