This Domestic Solar Stock (FSLR) Could Shine In Your Portfolio If President-elect Donald Trump Imposes Tariffs On Chinese Solar Panels 

This Domestic Solar Stock (FSLR) Could Shine In Your Portfolio If President-elect Donald Trump Imposes Tariffs On Chinese Solar Panels Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.During his presidential campaign, Donald Trump promised to impose tariffs on certain Chinese imports, such as solar panels. Although economists still debate whether Trump’s tariffs will benefit America’s economy, domestic solar producers certainly stand to gain if Trump follows through on his promises. One such company is First Solar.Although Donald Trump is known to be a big proponent of fossil fuels, aspects of his “America First” policies could spur further development in America’s green energy. A recent International Energy Agency (IEA) report shows that solar energy is the only renewable energy technology currently being developed quickly enough to help the world make meaningful progress toward achieving net-zero emission targets by 2050.Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today. That’s good news from a climate-change perspective, but many global circles are concerned about the extent to which Chinese solar production is outpacing that of its international competition. A study from Ember Energy revealed that China’s solar panel export volume increased by 34% in 2023 and it now accounts for 80% of the world’s solar panel manufacturing.China’s global lead is not an accident. In 2012, China’s state energy policy called for a massive investment in renewable energy technology, such as solar panels, lithium-ion batteries and electric cars. The size of that investment is believed to have been hundreds of billions and a decade later, China’s dominance of the solar panel industry proves the investment is paying off.See Also: Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!Regardless of how you feel about Donald Trump or his tariffs, having a global rival control 80% of an industry that is key to the world’s efforts to combat climate change leaves the United States in a difficult position. For example, if regional tensions over Taiwan should flare up, China could halt the delivery of solar panels to the U.S. and continue selling them to Europe, Africa and the Middle East.This is where companies like First Solar come into the picture. This Tempe, Arizona-based company focuses on building advanced solar components for large-scale solar operations that public utility companies would build. First Solar has quietly expanded its operational capabilities and manufacturing footprint through the years. Its new facilities in Alabama an