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).
House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices.
Democratic presidential candidate Joe Biden on Friday categorically denied allegations from a former Senate staffer that he sexually assaulted her in the early 1990s, saying “this never happened.”
The Republican-led Michigan House has refused to extend the state’s coronavirus emergency declaration. It also voted Thursday to authorize a lawsuit challenging Democratic Gov. Gretchen Whitmer’s authority and actions to combat the pandemic. The step came as hundreds of conservative activists returned to the Capitol to denounce Whitmer’s stay-at-home measure.
A crush of dismal data about the economy helped send markets lower Thursday, a meek ending to a historic, juggernaut month for stocks.
A shortage of personal protective equipment is a critical problem for frontline medical workers and one of the toughest issues the organization is facing, said Thomas Tighe, CEO of Direct Relief.
NYC Mayor Bill de Blasio, in partnership with the City Council, announced his commitment to closing off up to 100 miles of streets to make more space for city dwellers during the coronavirus pandemic.
Morgan Ortagus, a State Department spokesperson, said the purpose of demanding more information and access from China was to "answer fundamental questions" about the COVID-19 pandemic.
The Federal Reserve says it is expanding a major lending program to provide support for businesses struggling to cope with the economic slowdown caused by the coronavirus pandemic.
Sarah Cooper, the performer behind the viral video, talked to Cheddar Wednesday about why she chose to riff on the POTUS.
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19.
