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Why is this conflict happening? The short version is Trump and his advisers believe that the tariffs here encouraged the construction of factories, reduce trade deficit and help the US economy by punishing the barrier to US products in other countries.
“We will supercharge our domestic industry base,” Trump said in a speech of April 2 that almost every US business partner announced the tariff to partner. “We will open foreign markets and break the foreign trade barriers and in the end, the more production of home will mean more powerful competition and low prices for customers.”
One of the tariffs is to charge by the government in imports. Since the US government has raised tariffs, other countries have retalted for their own growth.
The principles that are associated with chaos are often changed, the President often announced shift on social media as it happened in recent days Customs in the European UnionThe
I talked to Wood McCenzie’s Power and Renewables Vice Chairman Chris Sipal, to drill in the parts of the report that deals with renewable. The conversation performed for length and transparency is here:
Dan Gearino: For the renewable energy industry, do the tariffs make everything more expensive, or is there more?
Chris Sipal: Of course, things are a big part of it to be more expensive. I think the second challenge, and it is a kind of unique for the power business, it is a heavy hand of control. And so we have many utilities that they have to pass through the very wide regulatory processes to approval what they want to create. In a world where there is so much tariff uncertainty, they do not know what they want to create what they want to create. It is especially challenging for this industry, and it affects more than the effects of renewant, because other sectors like gas or coal, because we depend on importing equipment in such large degrees, especially for battery storage, where we depend largely on import from China to import.
With battery storage, the US has tried to increase manufacturing capacity. How do you stand on where do you feature?
Very first day. What is going on in the United States is a lot of battery production is the supply of batteries to EV vehicles, not stationary utility-scale storage projects. And therefore, the amount of manufacturing capacity in the United States is more than 90 percent better imports in the United States compared to what the demand for those tools is.
