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).
These are the headlines you Need 2 Know for Tuesday, December 3, 2019
Student Debt Crisis was "inundated with calls" after filing a lawsuit against the Consumer Financial Protection Bureau for failing to properly oversee the companies that manage federal student loan debt.
The energy sector is in "a really exciting time," Chairman Neil Chatterjee told Cheddar Monday. His agency, the Federal Energy Regulatory Commission, is charged with overseeing the power grid.
It's been 54 years since the Voting Rights Act was signed into law by President Lyndon B. Johnson, and for 50 years it stood as rock-solid. All that changed with a 2013 Supreme Court case in Shelby v Holder, where judges ruled that states no longer require federal approval to impose new voting laws as previously codified in the Voting Rights Act.
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.
These are the headlines you Need 2 Know for Friday, November 29, 2019.
These are the headlines you Need 2 Know for Wednesday, November 27, 2019.
Phil Arballo, a Mexican-American businessman competing in the Democratic primary for California's 22nd district House seat, says he's received $300,000 donations in light of GOP Rep. Devin Nunes pro-Trump.
With "no sign of slowdown" in the concentrations of greenhouse gases according to a report by the UN's World Meteorological Organization, the international body renews its call for drastically reducing emissions globally.
These are the headlines you Need 2 Know for Tuesday, November 26, 2019.
