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, Dec. 11, 2018.
Boris McGiver didn't need to research his journalist character on "House of Cards" ー he simply had to read the scripts.
"The writing was and remains so good," McGiver said Monday of the show, which was the first of Netflix's ($NFLX) binge-watchable programming when it premiered in 2013 and is now wrapping up after six seasons.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Cheddar's Class Clown Award Goes to Elon Musk.
These are the headlines you Need 2 Know for Monday, Dec. 10, 2018.
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.
Times Square is known as the "crossroads of the world," but tell that to Stacey Cunningham. The CEO of the New York Stock Exchange, the first woman to hold the job in the exchange's 226-year history, said it's at the NYSE where capitalism, economics, politics and "the world at large" converge.
These are the headlines you Need 2 Know for Friday, Dec. 6, 2018.
Los Angeles is taking a strong stance against single-use plastic straws: the local City Council is moving forward with its "Plastic Straws on Request" initiative with an ultimate goal to phase them out completely by 2021. "This has been a long time coming," Mitch O'Farrell, Los Angeles city council member, told Cheddar Thursday. "I wish that the city had acted 10, 15 years ago."
These are the headlines you Need 2 Know for Thursday, Dec. 6, 2018.
Medical marijuana is now legal in Utah, but not exactly in the form voters intended. Shortly after the medical marijuana initiative, Proposition 2, was scheduled to go into effect, the Utah state House and Senate swooped in and replaced it with a new law. Wayne Niederhauser, a Republican senator for Utah's 9th district, defended the move in an interview on Cheddar Wednesday.
