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POLITICO Energy
How Trump’s steel and aluminum tariffs impact energy
Feb 12, 2025
The discussion kicks off with President Trump's bold 25% tariffs on imported steel and aluminum, designed to protect U.S. manufacturing. Market reactions reveal a cautious tone from both allies and industry insiders, revealing uncertainty in the energy sector. The conversation delves into how these tariffs could hike costs for crucial carbon capture initiatives and impact infrastructure projects. Historic parallels to previous tariffs shed light on potential repercussions for energy production and manufacturing.
08:11
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Quick takeaways
- The 25% tariffs on steel and aluminum aim to shield U.S. manufacturing but may lead to increased costs across energy projects.
- Trump's decision to reverse Biden's efficiency regulations reflects ongoing tensions regarding federal influence on energy market standards.
Deep dives
Impact of New Tariffs on U.S. Metal Imports
The announcement of 25% tariffs on all imported steel and aluminum aims to protect the U.S. manufacturing sector, reflecting a continuation of previous trade strategies employed during the Trump administration. The rationale is based on the belief that other countries have not upheld fair trade practices with the United States. Mixed market reactions followed the announcement, with stock market indices showing little change while commodities experienced fluctuations. The energy industry remains in a cautious waiting period, unsure if the tariffs will actually be implemented as planned, recalling similar instances where proposed tariffs were postponed.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode