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 Trump administration said Tuesday that it will waive federal contracting laws to speed construction of a wall at the U.S.-Mexico border.
These are the headlines you Need 2 Know for Tuesday, February 18, 2020.
State Senator Tom Umberg introduced legislation to regulate DNA data collected by popular testing services like 23andMe and Ancestry.com.
The Office of the United States Trade Representative announced last month that tariffs as high as 100 percent could be added to products such as Irish and Scotch whiskeys, Cognac, and Parmesan cheese as soon as mid-February.
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.
For the first time, China disclosed information about the effect of the virus on medical workers — 1,716 medical workers have contracted the novel coronavirus and six have died.
These are the headlines you Need 2 Know for Friday, February 14, 2020.
The former NYC mayor tried something different in the Democratic primary race so far, pushing memes on Instagram that left some potential voters and experts scratching their heads.
Activist and Marjory Stoneman Douglas High School shooting survivor Brendan Duff joined hip-hop star will.i.am to promote a new documentary about the tragic day and to stand up for young voters.
A Republican-led coalition of fossil fuel giants, environmental advocates, and former federal policymakers on Thursday issued a "Roadmap" to addressing climate change that, while labeled as "Bipartisan," is particularly aimed at garnering GOP support.
