Clean Energy Already Has Big Trade Barriers. Now Comes Trump
Researchers see negative impacts across the board, but some countries and industries are far more exposed. Solar and onshore wind should fare better.
Energy-transition industries might be more prepared than others for a trade war as they have seen a rapid rise in trade restrictions internationally over the past decade.
Photographer: Alex Kraus/BloombergOne set of US President Donald Trump’s tariffs went into effect on Saturday. The rest are due to begin Wednesday. Stock markets around the world have taken a nosedive, with some indices cratering even worse than they did in 2020 when the world was reeling from a global pandemic.
If the tariffs stick around, every economic sector will see an impact. “Is this going to be an issue for the energy transition? Absolutely,” said Bas Sudmeijer, managing director at consultancy Boston Consulting Group.