More solar panel companies have filed for bankruptcy despite being given subsidies and having the Obama Administration impose tariffs on their Chinese competitors. SolarWorld with operations in Germany and the U.S. and Suniva, both claim they can’t compete with the Chinese.
Struggling green companies are asking President Trump to increase already hefty tariffs on Chinese manufacturers in order to keep them from competing in the United States.
But massive subsidies and protectionist measures like increasing taxes on incoming goods couldn’t even save these solar companies.
The fact is, if businesses need these kinds of measures in place, it means they’re not able to compete and they’ll all go bankrupt eventually.
This is happening in Germany too where the industry expanded rapidly thanks to heavy subsidies.
If you need taxpayer subsidies and government protection to run a business, you probably shouldn’t be in business at all.