Samantha Gross, an energy policy expert at the Brookings Institution, and Joseph Majkut, director at the Center for Strategic and International Studies, dive into the implications of President Trump's tariffs on the energy landscape. They discuss how tariffs could reshape U.S.-Canada energy relations and impact energy security and climate goals. The conversation also touches on the complexities of U.S. dependence on Canadian oil and the potential for American innovation in renewable energy technologies to lead the charge against global competition.
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insights INSIGHT
Trump's Tariff Strategy
President Trump's tariffs aim to assert dominance and address perceived unfair trade practices.
He views trade deficits as detrimental, despite economists' differing opinions.
insights INSIGHT
Biden vs. Trump on Tariffs
The Biden administration's tariffs had specific policy goals, unlike Trump's broader approach.
Biden targeted particular products to develop domestic industries and counter Chinese subsidies.
question_answer ANECDOTE
Canada's Reaction to Tariffs
Canada faces uncertainty from Trump's tariffs and questions about US support.
Trump's comments on defense commitments and trade have shaken Canadians.
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In 2018, President Donald Trump said “I’m a tariff man”, declaring they were the way to make America rich again. Six years on and just weeks into his second term, he is putting that philosophy into practice. President Trump has announced a barrage of new and increased tariffs on imports into the US, including a 10% levy on all goods from China. He has threatened 25% tariffs on imports from Canda and Mexico, although those were put on hold for a month. And he has announced a strategy of reciprocal tariffs, promising to match other countries’ barriers to imports from the US with equivalent levies on their exports. It is a time of turbulence. What does it mean for the energy transition?
To analyse what all these actual and threatened tariffs mean for energy security, the economy and the climate, host Ed Crooks – Vice-Chair for the Americas at Wood Mackenzie - is joined by three policy experts from the US and Canada. Samantha Gross is the director of the Energy Security and Climate Initiative at the Brookings Institution in Washington, DC. Joseph Majkut is director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies. And Andrew Leach is an energy and environmental economist at the University of Alberta.
Together they discuss the Trump administration’s strategy, and where it might lead. How do the tariff plans align with President Trump’s goals for boosting energy production and driving down prices for consumers? What happens to complex international supply chains as tariffs rise? And where does this leave the global effort to curb greenhouse gas emissions? Samantha Gross says the situation is ‘”rotten for the climate”. Does she have a point?
Let us know what you think. We’re on X, at @theenergygang. Make sure you’re following the show so you don’t miss an episode – we’ll be back in two weeks, Tuesday morning at 7am eastern time.
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