This week President Trump announced new tariffs on imported solar panels and washing machines. The president says the move is to protect American jobs, but critics say the opposite will happen.
Abigail Ross Hopper is the president of the U.S. Solar Energy Industries Association. She says there is no way that the tariffs are going to help American jobs, in fact, Hopper argues it will hurt American jobs.
Hopper says we have been a leader in the solar energy space, but now, she believes we are going to cede that leadership. Overall, Hopper is concerned that this will drive businesses away from choosing solar as their power option.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
