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, Nov. 20, 2018.
Tubi Daily News Powered By Cheddar for the Afternoon of 11/19/18
The clamor to impeach President Trump has increased in volume since Democrats won back the U.S. House of Representatives earlier this month ー and one member of the chorus is former Congresswoman Elizabeth Holtzman, who said the president's term recalls another dark period in American political history.
Tubi Daily News Powered by Cheddar for the morning of November 11th, 2018
These are the headlines you Need 2 Know for Monday, Nov. 19, 2018.
These are the top stories, from Wall Street to Silicon Valley, that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Michelle Obama's memoir, "Becoming," hit shelves this week, with a rollout that felt more like a concert tour ー including appearances by Oprah, packed stadium events, and near-universal morning TV coverage.
British Prime Minister Theresa May's Brexit plan had a turbulent rollout this week, but the British Trade Commissioner for North America said the path to a successful exit from the European Union is still on track. "So far, we are on course for the path that she set out just after the referendum almost two years ago," Antony Phillipson said Friday in an interview on Cheddar.
Facebook CEO Mark Zuckerberg is fighting back after the New York Times published an investigation into how the company failed to address Russian meddling in the 2016 election. California officials doubled the number of people missing as a result of the wildfires to more than 600. And Bill Oliver, director of the new sci-fi drama 'Jonathan,' joins Cheddar to discuss his new film starring Ansel Elgort.
Facebook's latest scandal has raised serious questions about founder and CEO Mark Zuckerberg's oversight of the troubled media giant.
