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 Senate voted to acquit the president on both counts, 52-48 on abuse of power and 53-47 on obstruction of Congress, after a 12-day impeachment trial, the shortest ever.
An institution that often calls its interest-rate stance “data-dependent,” the Fed is increasingly recognizing that some privately produced data is nearly as accurate as — and often timelier than — the government reports that it has long depended upon.
Romney called Trump's actions — the president was impeached on charges of abuse of power and obstructing Congress— "perhaps the most abusive and destructive" violation of oath of office that I can imagine."
Minneapolis City Council member Andrea Jenkins discussed her range of issues including city services, the LGBTQ community, communities of color, infrastructure, economic development, and the future of the U.S. presidency.
These are the headlines you Need 2 Know for Wednesday, February 5, 2020.
Tonight President Donald Trump gets to issue his third State of the Union address to lawmakers and guests on Capitol Hill. Cheddar is keeping track of the night's best moments.
Democratic state Rep. Robert "Renny" Cushing told Cheddar that the Granite State, surrounded by adult-use legal states, needs to get with the times.
Democratic Party officials in Iowa have released more than 60 percent their delayed caucus results. Confusion and chaos still hang over Iowa and its first-in-the-nation presidential contest.
Technology companies and banks led a broad rally for U.S. stocks in midday trading Tuesday following solid gains overseas. China took more steps to soften the financial blow of the virus outbreak and its main stock index rose following a plunge a day earlier.
These are the headlines you Need 2 Know for Tuesday, February 4, 2020.
