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).
President Trump thanked Recep Tayyip Erdogan in a joint press conference for working closely with the U.S. on several Middle East issues while noting the "challenges" created by Turkey's purchasing of Russian military equipment.
Federal Reserve Chairman Jerome Powell testified at the annual meeting of the Joint Economic Committee of Congress and said policymakers are unlikely to cut rates again in the short-term.
House Intelligence Committee Chairman Adam Schiff and Ranking Member Devin Nunes laid out the competing narratives of the impeachment inquiry into President Donald Trump Wednesday morning.
These are the headlines you Need 2 Know for Wednesday, November 13, 2019.
The president's fiery comments aimed at the Fed come just a day before Chairman Jerome Powell heads to Capitol Hill to testify before the Joint Economic Committee on the state of the economy.
The sold out event marked progress for the industry, and hammered home opportunities ー and challenges ー on the rise in one of the next frontiers for cannabis legalization: the European Union.
The 'What's Your Warrior?' campaign is designed to introduce Generation Z to the diverse range of Army opportunities and build awareness among the country's youth.
Jamaal Bowman, a Justice Democrat, has called to repeal the 1994 Crime Bill, a piece of legislation backed by his opponent, 16-term Democratic Congressman Eliot Engel.
With the billionaire ex-NYC mayor looking to enter the crowded field of contenders, the NJ Senator's campaign doesn't believe Bloomberg could build a "multiracial coalition" to beat Donald Trump.
Juli Briskman was elected earlier this week as a supervisor in her home Algonkian District in Loudoun County, Virginia.
