Clean Energy Faces New Pressure

President Trump's aggressive tariff policies—10% on Chinese imports and 25% on Canadian and Mexican goods (temporarily suspended)—are disrupting global trade and taking a toll on the clean energy market.

Clean Energy Faces Growing Challenges:

• Rising Costs: Tariffs on Chinese solar panels (10%) and Canadian/Mexican steel (25%) are driving up prices for solar, wind, and battery projects. For example, the cost of steel for wind turbines has surged, straining project budgets.
• Supply Chain Disruptions: China, which produces 75% of the world's lithium-ion batteries, has imposed tariffs on rare earth minerals vital for EVs and energy storage, further disrupting supply chains and delaying clean energy development.