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).
The former attorney to President Donald Trump took a plea deal Tuesday, admitting he paid off Stormy Daniels at the behest of President Trump. Cohen was charged with financial fraud, unlawful corporate campaign contributions, and evading personal income tax.
The former attorney to President Donald Trump has been under federal investigation for bank and tax fraud, as well as campaign finance violations for payments made to women who said they had affairs with the president.
Cohen reportedly struck a deal with prosecutors Tuesday afternoon.
Stormy Daniels's lawyer walked the pink carpet at the VMAs on Monday night, stopping to update Cheddar on his potential presidential run.
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Microsoft uncovered a new spear-phishing scheme waged by Russian hackers who targeted a handful of websites apparently linked to the government in an attempt to influence this November's elections.
The Trump administration's tariffs are spooking investors in the consumer electronics industry, according to Izzy Santa of the Consumer Technology Association.
Evan Siegfried, author of "GOP GPS: A Guide to How Republicans Can Try to Win Favor of Millennials," considers this the most fiscally conservative generation since those who grew up during the Great Depression. In his new book, Siegfried argues that the party must remake itself if it wants to stay relevant to younger voters.
Debbie Mucarsel-Powell is taking on Republican Rep. Carlos Curbelo in Florida's 26th. But she's lagging behind in a district that went heavily for Clinton in the 2016 election.
Samantha Azzarello, global market strategist at JPMorgan, says M&A and geopolitics are less relevant to this bull market than widespread earnings growth.
As the jury in the trial of former Trump campaign chief Paul Manafort deliberates into its third day, Rick Wilson, author of "Everything Trump Touches Dies," lays out what he sees as the limited options for the defendant.
