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).
In a statement Monday, Bolton, who left the White House in September, says that he has weighed the issues of executive privilege and "concluded that, if the Senate issues a subpoena for my testimony, I am prepared to testify."
Two top Senate Democrats are calling on President Donald Trump to immediately declassify the administration’s reasoning for the deadly strike on an Iranian official.
These are the headlines you Need 2 Know for Monday, January 6, 2020.
The president claimed that the drone attack on Iran's Major General Qassem Soleimani was meant to reduce tensions in the region, but the Democrats contend the targeted killing may have the opposite result.
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.
Jacob Rich, a policy analyst from Reason Foundation, which advocates for individual liberty and free markets, said the Trump administration ban on flavored e-cigarettes is “not quite effective.”
Hours after the attack at Baghdad International Airport, the Department of Homeland Security's top cybersecurity official reissued a summer bulletin warning of increased cyberattacks by the Iranian government and its allies.
The United States is sending nearly 3,000 more Army troops to the Mideast as reinforcements in the volatile aftermath of the killing of an Iranian general in a strike ordered by President Donald Trump, defense officials said Friday.
Sen. Elizabeth Warren said Friday that she raised $21.2 million from October through December, while Sen. Amy Klobuchar said she took in $11.4 million for her White House bid to close out the year.
The majority of the top 10 candidates spent more on television and radio advertising than they did on Facebook ads by the end of November.
