The duties imposed by U.S. president Donald Trump will have a negative impact on the transition of the United States to clean technologies, as survival-oriented companies will usage less technologies specified as solar panels, and choose cheaper and "dirty" forms of energy “ Bloomberg reports.
"The first effect of Trump's duties is clear: advanced customs duties on imports from China, Vietnam and another countries will rise the price of solar panels, batteries and another essential elements of the transition to clean energy, making them little profitable to acquisition and implement. As a result, little wind farms, electrical vehicle charging stations, etc."
Overall, the agency notes that companies in endurance mode are little inclined to implement fresh technologies, and governments trying to revive their economies like to subsidise the cheapest forms of energy that are sometimes the dirtiest.
Bloomberg expects this to make an excellent chance for China, Europe and another countries to gain a competitive advantage over the United States in a increasing marketplace for clean technologies.
Trump signed an implementing regulation imposing duties on imports from another countries last week. The basic minimum rate will be 10%, and most countries will gotta face higher rates, which, as explained by the United States Trade typical Office, have been calculated on the basis of the United States trade deficit with the country concerned, so that there is balance alternatively of deficit.
Trump’s duties will hit the U.S. transition to green technologies, reports the media9 April 2025
The duties imposed by U.S. president Donald Trump will have a negative impact on the transition of the United States to clean technologies, as companies geared to endurance will usage less
The U.S. increases customs duties on Chinese goods to 125 percent.9 April 2025
U.S. president Donald Trump said on Wednesday that Washington will immediately rise the duties on Chinese goods to 125% in consequence to China's alleged "inrespect" to the markets
Trump suspends duties for more than 75 countries for 90 days9 April 2025
President Donald Trump said that the United States immediately suspends the introduction of mirror duties against over 75 countries for 90 days. On the evening of April 2, the White home chief announced
Continued here:
Trump’s duties will hit the U.S. transition to green technologies, reports the media
