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).
U.S. markets reversed early losses Monday, the first trading day of the third quarter, despite concerns over trade policies. Over the weekend, tariffs from Canada kicked in, and the U.S.'s largest business group criticized the Trump administration for moves it says could spark a global trade war.
The Republican Senator from Maine has said she won't support a Supreme Court pick who explicitly says they want to overturn Roe v. Wade. But to really have an impact on the issue, says Mother Jones's Ben Dreyfuss, she should demand a guarantee that the nominee will maintain abortion rights.
A new California data privacy bill will require companies that store personal information to disclose what types of data they collect. The law also gives users the opportunity to opt out. "There's a certain point where this has maybe gone too far," Dave White, a former national counterterrorism center officer, tells Cheddar about companies collecting data.
President Trump appeared in Wisconsin on Thursday to praise Foxconn for its decision to build a manufacturing plant in the state. But many Wisconsin taxpayers are wary of the $4 billion in tax incentives that Gov. Scott Walker engineered to woo the Taiwan-based company. This comes just days after the president criticized Wisconsin-based Harley Davidson for moving some of its production abroad. "These new taxes on imports ... are driving other businesses away," says Eric Boehm, reporter at Reason.com.
If Republicans are able to force a vote before November on whoever is nominated to fill Justice Anthony Kennedy's seat on the Supreme Court, it still may not affect midterm election results all that much. That's according to Kyle Kondik, managing editor at Sabato’s Crystal Ball. “Frankly, if the seat was open, it may be more of a motivator for Republicans to show up.”
The U.S. District Appeals Court Judge has a history of conservative, pro-business rulings and has “Republican partisan chops,” according to Heather Timmons, White House correspondent for Quartz. And while Democrats might try to delay confirming any nomination of another conservative judge, Timmons said “what they can do about it is pretty minimal.”
The White House announced plans to ease restrictions on Chinese investment in U.S. technology companies on Wednesday. The Trump administration won't block companies with 25 percent or more of Chinese ownership from buying into the U.S. tech sector. Markets rebounded on the news.
The results are in from Tuesday's primary elections. Zach Montellaro, campaign reporter at Politico, joins Cheddar to weigh in on the shocking political upset in New York's 14th district. Political newcomer Alexandria Ocasio-Cortez defeated Rep. Joe Crowley, the fourth most powerful Democrat in the House.
Plus, Conagra Brands is buying Pinnacle Foods in a cash-and-stock deal worth $10.9 billion. The deal will create the second largest frozen food company in the U.S., just behind Nestle. Conagra owns Healthy Choice and Pinnacle owns Birds Eye.
Alexandria Ocasio-Cortez unseated the incumbent Democratic Congressman Joe Crowley in the primary for New York's 14th District Tuesday. The 28-year-old progressive's victory came as a surprise to many, including President Trump who tweeted this was a “big one that nobody saw coming.”
The web hosting company, which in most cases supports a "free and open internet," made the "incredibly difficult" decision to pull the white supremacist organization's site last year. CEO Scott Wagner said it was a rare instance of content that promotes violence. GoDaddy ousted that website in the immediate aftermath of violence in Charlottesville, Vir.
President Trump attacked Harley-Davidson after the company decided to shift some of its motorcycle production overseas to avoid EU tariffs. Congressman Emanuel Cleaver (D-MO) gives us his take on Trump's comments.
