tariffs
NYISO still is looking for clarification on President Donald Trump’s pending 10% tariff on energy imports, Mark Seibert, manager of ISO member relations, told the Liaison Subcommittee.
NYISO opened the Installed Capacity Working Group meeting by telling stakeholders it is assessing the impact of President Donald Trump’s 10% tariff on “energy resources from Canada” on its markets.
The U.S. has enough solar panel manufacturing capacity to produce more than 51 GW of panels per year, with another 17.5 GW under construction and 23.5 GW of additional capacity announced.
A North American trade war was delayed for a month at least as Canada and Mexico struck deals with President Trump that delayed potential tariffs for a month.
As the Trump administration forged last-minute agreements with Canada and Mexico to postpone steep new tariffs, the energy industry fretted about potential fallout for cross-border supply chains and wholesale electricity markets.
About 20% of all vehicles sold worldwide this year will have a plug ― either battery electric or plug-in hybrid ― with sales predicted to rise to one-third by 2027.
President Joe Biden directed the U.S. trade representative to slap steep new tariffs on Chinese goods, including semiconductors, solar cells, battery components and electric vehicles.
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