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).
Hedge fund manager and former White House Communications Director Anthony Scaramucci joined Cheddar’s News Wrap Thursday evening with a warning about the current state of the S&P 500 index.
Democrats have formally nominated Joe Biden as their 2020 presidential nominee.
While Postmaster General Louis DeJoy halted operational changes at the USPS, California Rep. John Garamendi claims the concerted effort to destroy the post office was orchestrated by the Trump administration in order to steal the November election.
A day after Michelle Obama’s passion wowed Democrats on the opening night of the party's national convention, Joe Biden will draw on a collection of his party’s most experienced leaders.
The Postmaster general says he is halting some operational changes until after the November election.
President Donald Trump says he'll pardoned Susan B. Anthony, a leader in the women’s suffrage movement, who was arrested for voting in 1872 in violation of laws permitting only men to vote.
As the USPS rolls back its operational capacity, House Speaker, Nancy Pelosi, is calling ono the postal chief to testify in front of congress. Andrea Thomas Haile, CEO of Vote.org, talks steps states can take to work around USPS limitations.
There was no central meeting place or cheering throng during the all-virtual Democratic National Convention on Monday night. But it was an opportunity for Democrats — and some Republicans — to rally behind Joe Biden, the party's presidential nominee.
As eviction moratoriums are lifted and extra federal unemployment assistance dries up, there is a broad consensus among housing experts that an evictions crisis is inevitable.
The Democratic Party will convene, sort of, amid a pandemic that has upended the usual pomp-and-circumstance of presidential nominating conventions.
