Donald Trump’s tariff blitz causes turmoil for green energy sector

Financial Times - 07/04
Duties pose one-two punch for an industry already reeling from renewed embrace of fossil fuels

Donald Trump’s new tariffs are set to pummel the renewable energy industry, threatening to push up prices, disrupt supply chains and undercut US ambitions to lead the artificial intelligence revolution, clean-technology executives said.

The duties of 10 per cent to 49 per cent on electrical components, battery storage and other equipment from China, south-east Asia and Europe pose a one-two punch for an industry already reeling from Trump’s embrace of the fossil fuel industry and limited appetite for clean energy.

Executives warned the added costs from tariffs would in turn prompt higher power bills. Electricity prices rose twice as fast as inflation last year, according to Bank of America, with several uti...
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