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).
Al Harington, founder of Viola Cannabis and former NBA player, joined Cheddar to discuss what a Biden/Harris administration would mean for the cannabis industry.
The Federal Reserve juicing money into local budgets through the Municipal Liquidy Facility was unprecedented, but a growing number of advocates for a more progressive, proactive Fed, is that it didn't go far enough.
Supreme Court nominee Amy Coney Barrett has presented her conservative approach to the law at the start of a fast-tracked confirmation hearing.
President Donald Trump is looking to get his campaign back on track, a week after he was sidelined with the coronavirus that has killed more than 210,000 Americans.
U.S. Rep. Ken Buck (R-Colo.) joined Cheddar to discuss how Congress and the judiciary should approach big tech monopolies. Buck was clear that the Democrats and Republicans, however, disagree on just how to go about shrinking the tech giants.
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.
The White House is boosting its offer in up-and-down COVID-19 aid talks Friday in hopes of an agreement before Election Day.
Former GOP presidential candidate Carly Fiorina discussed her support of Joe Biden's bid for the presidency. Also, the former CEO of Hewlett-Packard, she attributed her support for Biden due to a lack of leadership from President Trump and his failed foreign policies.
Democratic lawmakers are speaking out against a proposed Labor Department rule that they argue would make it harder for retirement funds to consider important environmental factors when making investment decisions.
A new Cheddar poll, conducted by SurveyUSA, on Supreme Court nomination, abortion law, and the Affordable Care Act.
