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).
Ukraine remains defiant as the Russian invasion is approaching its fourth week. Cheddar News speaks with Former Obama Campaign Foreign Policy Advisor David Tafuri, on Russia’s war efforts so far and how it might shift tactics moving forward.
While investors soured on Fed Chair Jerome Powell's remarks on interest rates Monday, Anthony Saccaro, Founder and President at Providence Financial explains why he is supportive of the Fed's approach on Cheddar News' Closing Bell.
As Russia continues to wage war in Ukraine, 10 million of its citizens have fled their homes according to the UN, with more and more refugees flooding into other European countries. Nancy Dent, senior global communications officer for Europe and Asia at the aid group International Rescue Committee, joined Cheddar News to discuss the deteriorating conditions. “What's really clear from my time at the border today, in particular, is that people really are fleeing for their lives now," she said. "Two million people, 60 percent of the refugee population from Ukraine is now in Poland, and people are arriving with smaller bags really unprepared."
Will Larkins, president and co-founder of Winter Park High School's Queer Student Union and one of the organizers of its
'Say Gay Anyway' walkout, joined Cheddar News to discuss their recent opinion piece for The New York Times titled "Florida's 'Don't Say Gay' Bill Will Hurt Teens Like Me."
Russia's military advances in Ukraine appear to have stalled, as heavy casualties, equipment losses, and a lack of progress on the ground take a toll. Despite the horrific damage caused by the attack, Ukraine's military has held up better than many experts predicted. Elliot Ackerman, author and Marine Corps Veteran, joined Cheddar's Opening Bell to discuss why Ukraine's defense response been such a surprise, and what a stalemate in the war might look like.
Catching you up on what you Need to Know on Mar 21, 2022, with updates on the Russian invasion in Ukraine, a Boeing 737-800 plane carrying 132 people crashed in China, Canadian Pacific rail workers on strike, another possible COVID surge, and the SEC's new climate rules for businesses.
Judge Ketanji Brown Jackson has told senators that she will defend the Constitution and decide cases “without fear or favor” if she is confirmed to the Supreme Court.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says he believes pent-up demand is driving stocks higher and explains how Wednesday's Fed decision continues to impact investor sentiment.
