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Trump’s tariffs can’t prevent the clean energy revolution, but they will harm the US business.

MONews
8 Min Read

President Donald Trump’s new tariffs have undermined the global market and have feared the trade war that can affect all impacts from consumer prices to climate goals.

As economists warn at higher costs and industry leaders, there is a fear that ripple effects may be in sectors such as clean energy, which is largely dependent on world trade.

The new Trump policy imposes a universal 10 % tariff on almost all imports, and increases the “mutual” rates for some of the largest trading partners in the United States.

China faced 34 %, Korea 25 %, Japan 24 %, and India 26 %. These countries are the world’s best solar panels, batteries, wind components and electric vehicle exporters.

In the United States, business leaders and economists warn that these tariffs will cause inflation and raise prices for everything from food and toys to wine and solar panels.

Former Vice President Mike Pence called this tariff as “the biggest peaceful tax increase in American history,” and assumes that new measures can spend more than $ 3,500 a year.

The tariffs imposed during Trump’s first term were greatly delivered to consumers, and analysts said they are looking forward to similar results.

“Trump’s tariffs will not slow down to renewable energy, but will only harm ordinary people, especially Americans,” said 350.org’s policy and campaign deputy director Andeas Sieber. independence.

“His record tells a different story from his argument.

The pedestrian walks with an electronic board that displays the exchange rate of the US dollar. (Getty))

The renewable energy sector is already facing head winds in the United States, and the developer has recently reported important equipment such as transformers, switch gears and circuit breakers.

New tariffs are expected to worsen the shortage and increase the cost of infrastructure such as wind turbine tower and transmission line, and many of them depend on imported steel and parts.

Albert Gore, the executive director of the Zero Emission Transportation Association, said that the tariffs are “introducing uncertainty and risk to the industry that creates jobs and brings new economic opportunities.”

Cost pressure occurs at the time when the demand for power in the US is climbing due to electrical and data center growth.

The US industry can struggle to absorb shock, but the world’s clean energy conversion is not expected to be much affected.

This is because the United States is no longer the center of international clean technology transactions. China, which dominates the manufacturing of solar, wind and EV components, sends only 4 % of clean technology exports to the United States at much higher than 10 years ago.

“The global clean energy environment has experienced an earthquake,” said Sieber. independence. “Ten years ago, developed countries dominated the sun and wind power. Today, the United States is only 7 %of the global photovoltaic market. In this global surge, the United States is becoming more and more footnotes.”

One person walks a glass of blue grass between the solar panel stretching to the streets.

One person walks a glass of blue grass between the solar panel stretching to the streets. (PA archive))

According to the International Energy Organization, emerging economies and developing countries are expected to account for 70 %of solar PV deployment, 60 %of the wind and 60 %of battery storage by 2030. Many countries have already adjusted the supply chain to minimize exposure to US policy fluctuations.

For example, India can see short -term benefits from tariffs with other Asian colleagues.

Nakul Zaveri said, “In the short term, it can have some impact on GDP and local currencies in order to have some impact on GDP and local currencies, but we can have some effects on GDP and local currencies in order for businesses to build more financials to build more financial. “India is still a better place compared to Asian colleagues,” said the Co-Head of Co-Head Strategy of Climate of Climate.

“The energy demand of the country will reach the highest level, and we can see it as an opportunity to further accelerate the adoption of domestic non -fossil energy sources within the energy mix. Overall, India continues to be bright, and it offers policy stability in the volatile environment.”

Some analysts warned that President Trump’s tariffs could have a second impact on developing countries. Alicia García-Herrero, chief economist at Natixis’s Asia-Pacific, said, “The United States is pressure to raise tariffs on Chinese green technology as part of India’s ongoing trade negotiations.” Then, India’s clean energy income can be more expensive.

The global supply chain is not fundamentally interrupted, but if the state is retaliated or the demand is reconstructed, the price of a specific product is rising. However, most analysts agree that the transition is going well and cannot interfere with a single country.

Trump has constructed tariffs into economic self -defense acts and claimed that both allies and competitors have used the United States. But critics at the political spectrum expressed concern that this action would be quarantined and undermined economic and climate ambitions.

“Trump likes to get economic policies, but he uses a very different language in his first week and the first week of the second term,” Sieber said.

“He can’t stop energy conversion, and ordinary people in the United States must pay higher prices.”

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