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).
The entrepreneur sued the New York State Board of Elections in April after it canceled the state's presidential primary by stripping Sen. Bernie Sander's name from the ballot.
The U.S. Education Department has finalized campus sexual assault rules that bolster the rights of students who are accused of assault and harassment, reduce legal liabilities for schools and colleges, and narrow the scope of cases they will be required to investigate.
One day after saying that the COVID-19 task force would be winding down, President Donald Trump says it would continue on indefinitely, but focus on rebooting the economy.
David Banmiller, an airline industry insider and former CEO of Pan Am, doesn't like referring to the $25 billion of relief the airline industry got from the federal government as a 'bailout.'
An Associated Press analysis finds that taking the New York metropolitan area’s progress against the coronavirus out of the equation shows the rest of the U.S. moving in the wrong direction, with the infection rate rising even as states move to lift their lockdowns.
Stocks closed higher on Wall Street but gave up about half of their early gains in a late-afternoon bout of selling. The S&P 500 rose 0.9% Tuesday after being up 2% earlier.
Vice President Mike Pence says the White House coronavirus task force could wind down its work by early June.
Randi Weingarten, president of the American Federation of Teachers, told Cheddar on Tuesday that they were not prepared to switch so quickly and have been working well with what they have, but online learning simply isn't the same as teaching in person.
The trip means a small army of advisers, logistical experts and security staff will also resume regularly hitting the road and taking a measure of risk to assist Trump.
Stocks are rallying worldwide on Tuesday as more countries relaxed restrictions on businesses, raising hopes for a recovery from the historic plunge sweeping the global economy.
