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
White House Scrambles After FBI Director's Testimony Contradicts Administration's Previous Statements
Time appears to be running out for John Kelly as White House Chief of Staff. He is under fire after reports came out saying that he hired former Staff Secretary Rob Porter, knowing he had a history of domestic abuse. The White House denied that it knew about Porter's background, until now. FBI Director Christopher Wray testified on Capitol Hill saying that the FBI had closed its file on Porter, and given a report to the White House when Porter was trying to get security clearance.
Closing Bell: February 13, 2018
Chipotle announces a new CEO. Dominos and Tinder and teaming up for Valentine's Day. The Director of National Intelligence sounds the alarm on Russia and the midterms elections. Sarah Kauss is the CEO of water bottle company S'well. Her small idea has turned into one of the most successful female-run businesses. Legal technology platform CannaRegs is on a mission to make sense of the legal landscape of marijuana for stakeholders in this growing space. Vermont Governor Phil Scott is asking legislators in his state to speed up equal pay legislation.
Between Bells: February 13, 2018
This Changes Things: Advice for the executives and leaders of tomorrow, brought to you by American Express OPEN. On Between Bells: Adam Rippon & The Official Johnny G. Weir win the Olympics. With SB Nation, UNO, PCMag, and more.
The World Reacts to the Obama Portraits
The National Portrait Gallery has two new additions thanks to Barack and Michelle Obama's official paintings. Latina Magazine's Taiia Young joins Cheddar to discuss the added significance to this American tradition.
Between Bells: February 12, 2018
On Between Bells: Infrastructure, budget, and John Kelly's future. Plus, major Olympic moments and the first Sports Illustrated Swimsuit issue of the #MeToo era. With The Young Turks, Rare Media, The Daily Caller, Royal Canin, and more.
Opening Bell: February 13, 2018
In their annual letter, Bill and Melinda Gates share their thoughts on the Trump administration and social media's growing influence. Under Armour saw a 47% surge in international sales last quarter. Facebook's VP of U.S. Public Policy and Chief Privacy Officer joins Cheddar to discuss the importance of doing regular privacy check-ups. Ty Pennington and Amanda Brinkman, co-hosts of the show "Small Business Revolution - Main Street," tell us what to expect from the upcoming third season.
Load More