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 Thursday, Aug. 15, 2019.
An unofficial coalition of far-right extremist groups are set to descend on Portland, Oregon this weekend and the city’s mayor has a clear message for them: you are not welcome.
J.D. Durkin made his way to an Iowan raceway and watering hole as the Hawkeye State hosts the many candidates vying for the primary election.
The Trump administration significantly weakened the Endangered Species Act (ESA) this week, largely gutting its implementation mechanisms to allow for greater economic development in protected habitats. The decision — announced by the U.S. Secretary of the Interior on Monday — was widely condemned by critics who say the revised regulations will hurt biodiversity and wildlife at a most precarious time.
Argentina’s stock market and currency value plummeted this week following a shocking electoral defeat on Sunday for President Mauricio Macri, the nation’s conservative leader.
Markets soared Tuesday morning following the Trump administration's decision to delay and revise its latest round of punitive tariffs against China. The Dow jumped over 400 points while the S&P 500 and the Nasdaq Composite both rose roughly 2 percent.
The Iowa caucus is still six months away but Democrats are not wasting any time in their effort to return the state to their side of the aisle. Yet the confidence is equally strong within the Republican party.
VineSight, an AI-based start-up, is working to detect misinformation attacks against candidates like Joe Biden or Kamala Harris early during their campaigns.
These are the headlines you Need 2 Know for Monday, Aug. 12, 2019.
Hong Kong International Airport came to crippling halt on Monday with thousands of anti-government protesters occupying the airport’s main terminals. Authorities said operations have “been seriously disrupted” and cancelled all flights in and out of the major international hub.
