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).
Financial markets closed, mail delivery stopped, and federal offices shut down as the nation paused to remember the life of President George H.W. Bush, who will be memorialized during a state funeral at Washington's National Cathedral on Wednesday.
These are the headlines you Need 2 Know for Wednesday, Dec. 5, 2018.
The famously stoic president of France may have conceded on fuel taxes to protestors, but his decision was most likely a product of circumstance, not an act of altruism. In this case, said Erin Zaleski of the Daily Beast, Emmanuel Macron had no one with whom he could negotiate. But small concessions, like a fuel tax moratorium, won't be enough to satisfy protesters who are wreaking havoc in the streets of Paris.
These are the headlines you Need 2 Know for Tuesday, Dec. 4, 2018.
The man who spent years behind the lens during President George H.W. Bush's time as president remembers him as a man of honor. David Valdez, chief official White House photographer from 1989 to 1993, reminisced about his years observing the former president on Cheddar Monday, just days after Bush passed away at age 94.
President Trump is opening himself up to allegations of obstruction by publicly dangling a pardon in front of his former campaign chairman Paul Manafort, "Proof of Collusion" author Seth Abramson told Cheddar on Monday.
President Trump lauded his meeting with Chinese President Xi Jinping at the G20 summit in Buenos Aires as "extraordinary" after the two sides agreed to a pause in tariff increases for 90 days. But Hagar Chemali, CEO of Greenwich Media Strategies, said investors shouldn't start the ticker tape parade just yet.
These are the headlines you Need 2 Know for Monday, Dec. 3, 2018.
Stock markets and the federal government will close on Wednesday as the U.S. marks a national day of mourning for George H.W. Bush, the 41st president. Bush died at his home in Houston Friday night. He was 94.
Michael Cohen's latest revelations about President Trump's ties to Russia have left the U.S. leader isolated at the G20 summit and "looking like a petulant child" on the world stage, Rick Wilson, author of "Everything Trump Touches Dies," told Cheddar Friday.
