CGTN reporter in Davos had a chance to speak to Mr. Gao Jifan, the CEO of China's leading solar energy cooperation. He talked about how the signing of Section 201 Actions to protect U.S. solar products may eventually hurt U.S. consumers. Let's take a listen.
GAO JIFAN, CEO CHANGZHOU TRINA SOLAR ENERGY "I believe the signing of the tariff will do harm to solar energy industries both outside and inside the U.S.. The price of solar products will be pushed up largely after imposing a 30 percent tariff. The cost of those organisations and residents that invest in solar energy will be higher. It surely will hurt the development of solar energy industries in the U.S.. To China and other countries, the tariff is also unreasonable. In the past 6 years, the U.S. has never stopped launching probes into other countries' solar products. However, its own solar companies still can't compete with foreign companies. Now the president even took the measure of imposing Section 201 to protect them. I'm afraid there's no hope for U.S. solar industries. In the end, it is the U.S. consumers who will bear the cost of a 30 percent tariff. The overall U.S. solar capacity is only a little more than 2 gigawatts. But the demand in the U.S. is about 10 gigawatts. The U.S. might hope after imposing 201 that many will set up their plants in the U.S.. The tariff won't last long, but to build up a plant needs a 5 to 10-year plan. I doubt there is anyone who dares to do so with such uncertainty."