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).
President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times.
President Donald Trump nominated Judge Amy Coney Barrett to the Supreme Court on Saturday, capping a dramatic reshaping of the federal judiciary that will resonate for a generation and that he hopes will provide a needed boost to his reelection effort.
The late Supreme Court Justice Ruth Bader Ginsburg lay in state at the U.S. Capitol on Friday, the first woman in American history so honored at the domed building.
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.
Dr. Paul Stoffels, chief scientific officer at Johnson & Johnson, joined Cheddar to discuss phase three COVID-19 vaccine trials. More than 60,000 people worldwide have volunteered to be part of the study.
A closer look at some key areas where Ginsburg was most influential reveals a jurist who defied easy ideological categories, especially when it came to business.
The pandemic is now striking cities with much smaller populations, often in conservative corners of America where anti-mask sentiment runs high.
Ohio Rep. Bob Latta joined Cheddar to discuss new safety legislation he's introduced for autonomous vehicles. The Self-Drive Act will create a national standard for operation of self-driving cars.
Democrats are going back to the drawing board on a huge virus relief bill. House Democrats say they are paring back their proposal in an attempt to jump-start negotiations with the Trump administration.
Dr. Jo Jorgensen, the 2020 Libertarian candidate for President, joined Cheddar to discuss her role in this year's election and whether third party candidates dictate the outcome. Jorgensen also provides her position on mask wearing when it comes to mitigating the spread of COVID-19.
