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).
As governments around the world consider how to monitor new coronavirus outbreaks while reopening their societies, many are starting to bet on smartphone apps to help stanch the pandemic. But their decisions on which technologies to use — and how far those allow authorities to peer into private lives — are highlighting some uncomfortable trade-offs between protecting privacy and public health.
The stock market shook off a weak start and ended with modest gains Monday, thanks to another solid showing from big technology companies.
The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of the government’s various pandemic rescue efforts.
Companies across a wide swath of industries have found ways to give back to communities in their time of need amid the COVID-19 pandemic.
It’s a morning of firsts for the Supreme Court: the first time audio of the court’s arguments is being heard live by the world and the first arguments by telephone. The changes are a result of the coronavirus pandemic, which has made holding courtroom sessions unsafe.
COVID-19 tests look for antibodies, which are proteins the body develops in response to toxic or foreign substances inside the bloodstream.
Utah's Lieutenant Governor Spencer Cox and Domo CEO Josh James joined Cheddar to discuss their partnership on testing for COVID-19.
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.
Stocks ended lower on Wall Street Friday, giving up their gains for the week, after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines.
Prime Minister Justin Trudeau said Friday that Canada is banning the use and trade of assault-style weapons immediately.
