Trump’s tariffs cannot stop clean energy revolution – but they will hurt American businesses

US is no longer central to the international clean tech trade, activists say

President Donald Trump's sweeping new tariffs have rattled global markets and sparked fears of trade wars that could affect everything from consumer prices to climate goals.

As economists warn of inflation and industry leaders brace for higher costs, there are fears that the ripple effects could show in sectors like clean energy, where supply chains depend heavily on global trade.

The new Trump policy imposes a universal 10 per cent tariff on almost all imported goods, with higher “reciprocal” rates targeting some of the biggest trading partners of the US.

China faces a 34 per cent rate, South Korea 25 per cent, Japan 24 per cent, and India 26 per cent. These countries happen to be the world’s leading exporters of solar panels, batteries, wind components, and electric vehicles.

In the US, business leaders and economists warn that these tariffs will fuel inflation and raise prices on everything from food and toys to wine and solar panels.

Cover photo:  Related: Senator shares 'worries' over Trump's tariff policy