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).
Chicago-based cannabis company Cresco Labs unveiled a new dispensary and retail cannabis shop concept on Monday. Called Sunnyside, the concept emphasizes health and wellness and aims to create an accessible, immersive retail environment that pushes Cresco along on its mission of creating a nationally-recognizable cannabis brand.
The California Democrat said that supportis growing, pointing to five more members of his party who have come to support impeachment proceedings since Mueller's testimony.
Shares of CannTrust surged 15 percent on Friday after the Canadian cannabis company announced it terminated CEO Peter Aceto in the midst of regulatory drama that has plundered the company's stock value. Jefferies' analyst Ryan Tomkins predicted the management shuffle in a Wednesday note, which called management's positions "untenable."
These are the headlines you Need 2 Know for Friday, July 26, 2019.
Richard Painter, former chief White House ethics lawyer during the George W. Bush administration, says Democrats should still open an impeachment inquiry into the president despite the tepid response to Mueller's testimony.
Amid ongoing resistance from employees about Microsoft’s contracts with the U.S. military, CEO Satya Nadella issued a broad defense this week of the company’s work with the U.S government and said America’s democratic process serves as a key check on the deployment of new technology.
These are the headlines you Need 2 Know for Thursday, July 25, 2019.
These are the headlines you Need 2 Know for Wednesday, July 24, 2019.
With all eyes on Capitol Hill on Wednesday, former Special Counsel Robert Mueller began his much-anticipated testimony by largely repeating what he outlined in April in his report on Russian interference in the 2016 election, - but stating very clearly that in the investigation, “the president was not exculpated for the acts that he allegedly committed.”
Tuesday’s 97-2 vote in the Senate to extend permanent protections for 9/11 first responders came after many years of activists' visits to Capitol Hill. And minutes after the lopsided vote, responder John Feal made sure to alert lawmakers that his days of tirelessly knocking down their doors are thankfully coming to a close, saying, "We’ll put down our swords."
