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).

Share:
More In Politics
Why California Is Undeterred by the DoJ Lawsuit
Attorney General Jeff Sessions is suing California for policies that obstruct "enforcement of federal immigration law." But Sacramento's Democratic Mayor Darrell Steinberg says the sanctuary city does, in fact, cooperate with federal agencies when it comes to people with serious criminal records.
Pennsylvania's Congressional Election Toss-Up
Michael Harriot, columnist at The Root, discusses the Pennsylvania special election for the 18th Congressional district. Currently, it's a toss-up with only 24 hours remaining before residents head to the polls.
Closing Bell: March 9, 2018
A new study finds fakes news travels 6 times faster on Twitter than real news. The head of Goldman Sachs responds to reports he is leaving his post. Florida Governor Rick Scott signs a gun safety bill. The bull market celebrates its 9th birthday. The Nasdaq hits a record high.
Fake News Shared on Twitter 6X as Fast
Fake news on Twitter travels six times faster than real news and reaches far more users according to a study released by researchers at MIT. Can fake news be stopped?
Load More