President Donald Trump’s attempt to create U.S. jobs by taxing solar panel imports could backfire.
That’s according to the CEO of the Solar Energy Industries Association trade group, who says it’s domestic workers that will feel the pain.
“We have been the fastest growing form of new energy...and this is putting the brakes on that crazy growth,” Abigail Ross Hopper told Cheddar in an interview. “These are not people who are looking for what nationality the company they work for is. They just want to feed their families and pay their mortgages. And those are the people whose jobs are at risk.”
Earlier this week President Trump signed a law that would impose a 30 percent tariff on imported solar panel and sells, a move the administration says will encourage domestic manufacturing.
But the SEIA says the vast majority of the 260,000 Americans employed in the industry work in peripheral industries like installation. Ross Hopper says the bill will result in 23,000 layoffs this year and delay or cancel billions of dollars of investment in the sector.
She also says it might dissuade U.S. consumers from going green.
“Most [businesses and consumers] want to choose solar because it saves them money,” she said. “This decision changes that calculus.”
For full interview [click here](https://cheddar.com/videos/solar-power-in-america).
Cheddar News checks in on what to look for on The Day Ahead as President Joe Biden meets with House Speaker Kevin McCarthy to look to resolve the debt ceiling debate. Earnings are also slated to be reported from companies including Airbnb, AMC Networks, Electronic Arts and Nintendo.
The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts.
California's reparations task force voted to approve recommendations for how the state should compensate Black residents for discriminatory policies.
As fears of a national debt default rise, House Minority Leader Hakeem Jeffries told NBC's "Meet the Press" that he isn't ruling out a short-term bill to raise the debt ceiling. At the same time, he said he doesn't think "the responsible thing is to kick the can down the road."
The Biden administration is starting work on new regulations it says will expand the rights of airline passengers.
In a TV interview Sunday, Yellen didn't rule out President Joe Biden acting on his own to try to avert a first-ever federal default.
North Carolina lawmakers on Thursday approved and sent to the governor a ban on nearly all abortions after 12 weeks of pregnancy, down from the current 20 weeks, in response to last year’s overturning of Roe v. Wade at the U.S. Supreme Court.
Associate Justice Clarence Thomas joins other members of the Supreme Court as they pose for a new group portrait, at the Supreme Court building in Washington, Oct. 7, 2022. A Republican megadonor paid two years of private school tuition for a child raised by Supreme Court Justice Clarence Thomas, who did not disclose the payments, a lawyer who has represented Thomas and his wife acknowledged Thursday. (AP Photo/J. Scott Applewhite, File)
Former Proud Boys leader Enrique Tarrio and three other members of the far-right extremist group were convicted Thursday of a plot to attack the U.S. Capitol.
Florida Republicans on Wednesday approved bills to ban diversity programs in colleges and prevent students and teachers from being required to use pronouns that don't correspond to someone's sex, building on top priorities of Republican Gov. Ron DeSantis.
