China’s Solar Firms Struggle as Trade War Adds to Headwinds

As if China’s solar panels and equipment companies haven’t already been reeling from low product prices and overcapacity, the U.S.-China trade war and the triple-digit tariffs are adding insult to injury to the profitability of the Chinese solar manufacturing industry. All top Chinese solar equipment producers booked losses for the first quarter of the year, and blamed the continued losses on low product prices and the trade and tariff turbulence with the new U.S. President Donald Trump. JinkoSolar, for example, booked a net loss of…