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 numbers crushed analyst expectations of 180,000. However, the strong numbers could make it unlikely the Federal Reserve will cut interest rates for a fourth time this year.
These are the headlines you Need 2 Know for Friday, December 6, 2019
House Speaker Nancy Pelosi said at a press conference on Thursday that she is formally asking the House Judiciary Committee to draft articles of impeachment against Trump over his actions toward Ukraine, saying "the president leaves us no choice but to act."
Kelly Loeffler will be the first cryptocurrency CEO and second woman in Georgia to ever have served in the Senate.
The morning began with three constitutional experts telling lawmakers that President Donald Trump committed impeachable offenses, although one vehemently dissented.
These are the headlines you Need 2 Know for Wednesday, December 4, 2019.
The celebratory feeling among shoppers on Sunday mirrored that of lawmakers and activists, but the state is facing shortages that can be traced back to licensing decisions made in the medical marijuana program.
Virginia Attorney General Mark Herring, who is hosting a cannabis summit on December 11, told Cheddar on Tuesday he is bringing together legislators and experts in an effort to push forward his calls for reform.
The once top tier candidate in the race for the 2020 presidential nomination announced the end to her run on Tuesday.
During the NATO summit in London, Trump doubled-down on threats to tax French goods in retaliation for the country’s taxes on U.S. tech and also suggested the China trade deal may be delayed until after the 2020 election.
