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).
Within a span of about 24 hours, three House Democrats have announced they tested positive for COVID-19.
Corporate America is quickly distancing itself from the defeated President Donald Trump.
With impeachment pressure mounting, the House is speeding ahead to try to oust President Donald Trump from office.
Rep. Swalwell of California didn't mince words when pressing for the removal of Donald Trump from the presidency, along with GOP officials he alleged were his accomplices for inciting the Capitol Hill attack.
Democratic Rep. Bonnie Watson Coleman of New Jersey says she has tested positive for COVID-19.
Following the chaotic scenes of the riot on Capitol Hill, many brands have had to rethink their advertising strategies.
Melania Trump says she's “disappointed and disheartened" by the deadly riot at the Capitol by supporters of her husband.
Mbye Njie, an activist and founder of the Legal Equalizer app, joined Cheddar to explain how the product might help Black and minority drivers and police officers alike during a traffic stop.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
House Speaker Nancy Pelosi says she has spoken to the chairman of the Joint Chiefs of Staff about preventing President Donald Trump from ordering a nuclear strike in his final days in office.
