Trump tariffs likely to slow down the energy transition – but there are silver linings
Solar and wind energy costs could rise by as much as 30% and 7% respectively.
Donald Trump’s trade tariff threats, application and delays since his return to the Oval Office has caused mayhem in the market – but what could be the impact of a trade war on the energy transition?
The first wave of so-called ‘Trump tariffs’ hit the market this week, with a 25% levy applied on all aluminium and steel entering the US. In response, Canada – the largest exporter of steel aluminium to the US – and the European Union implemented their own tariffs on US goods.
