Climate Changed
Wall Street, Not American Solar, Stands to Gain From Trump Tariffs
- Investment firms are creditors in struggling solar makers
- ‘We’re not in this looking to make a killing,’ says CEO
Trump Slaps Tariffs on Solar Panels and Washing Machines
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The biggest winners of President Donald Trump’s decision to slap tariffs on imported solar equipment may not be American manufacturers but a group of investment houses around the globe.
The firms -- from Centerbridge Partners LP to JPMorgan Chase & Co. -- all are creditors to the two struggling solar companies that brought the trade complaint. The value of their investments, mostly in the form of distressed bonds, is likely to get a boost as the new tariffs help American manufacturers. While much of the U.S. solar industry has blasted the tariffs, warning of massive job losses, these investors show at least some on Wall Street stand to gain.