Tariffs and Clean Energy: What You Need to Know

International trade economics is complicated, and we can’t be certain of how tariffs will work out, particularly in the long term when economies have fully adjusted to them.  Trump’s hope is that the tariffs will cause a boom in U.S. production, although there is also evidence that protected industries are less efficient and innovative, resulting in higher consumer prices. Impacts on clean energy could be negative, The same is true for impacts on fossil fuels.