David Fickling, Columnist

The Climate Cost of America’s Infinite Tariffs

Years of protectionism have weakened the US solar industry. Levies of up to 3,521% on Asian imports will set energy transition back even further.

The climate cost of US tariffs.

Photographer: Taylor Weidman/Bloomberg

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There are few places where inflation is felt as profoundly these days as tariff rates.

A few months ago, President Donald Trump’s election campaign promise of a 10% levy on all US imports seemed shocking. Now we’re looking at a 46% rate on Vietnam, and 145% on China.