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).
Education Sec. Betsy Devos's idea to use federal money to arm teachers is "insane," said Randy Weingarten, president of the American Federation of Teachers. "I cannot believe I'm actually talking about this," she said.
These are the headlines you Need 2 Know.
Rep.Carolyn Maloney (D-NY) released a report titled "Earn Less, Pay More," that highlights the cost discrepancies between women's and men's products. She spoke to Cheddar about her findings on Women's Equality Day.
Does Donald Trump know how search engines work? Not according to Mashable's Michael Nuñez, who said the president's remarks about Google suppressing content fail to take into account that it's an algorithm, not a person, that does the ranking.
The red-hot cannabis market is not sustainable as is, according to industry analyst Matt Karnes. But that doesn't mean it isn't a great long-term story.
Canadian Foreign Minister Chrystia Freeland is headed to Washington to continue trade negotiations with the U.S. On Monday, Mexico and the United States agreed to terms for a new trade deal.
Electronic Arts is canceling three qualifier events for its 'Madden NFL 19' tournament in the wake of Sunday's deadly shooting in Jacksonville, Florida. The company says it will conduct a review of safety measures to ensure the security of competitors and spectators.
And Kathy Ireland, Chairman Emeritus and Chief Brand Strategist at Level Brands, joins Cheddar after ringing the Opening Bell Tuesday morning. She talks about what has driven the recent success of Level Brands, a brand management and licensing company.
These are the headlines you Need 2 Know.
White House economic advisor Larry Kudlow told Cheddar that the trade framework with Mexico announced Monday could be used "as an example" to get Canada to rejoin negotiations.
Markets are finally starting to understand President Trump's negotiating strategy, said John Petrides, managing director of Point View Wealth Management. A trade deal with Mexico sent stocks soaring to record highs Monday.
The controversial conservative pundit and author of "Resistance Is Futile" told Cheddar that the midterms will decide whether Trump is impeached. Regardless, the famous provocateur isn't ready to give her endorsement for 2020 just yet.
