Graphic image of a landscape with a wind turbine in the background.

Tariffs shake global trade and stall U.S. clean energy push

President Trump’s new tariffs rattle clean energy markets at home while nudging other countries toward domestic renewables.

Dan Gearino reports for Inside Climate News.


In short:

  • President Trump’s 10% universal tariff, with some countries facing much higher rates, is causing chaos for U.S. clean energy companies that rely on imported components like solar panels and batteries.
  • Analysts say countries destabilized by these tariffs may move faster toward building up renewable energy for security, while the U.S. faces delays and economic uncertainty.
  • Energy leaders expect fossil fuels to grow more slowly, with long-term momentum remaining for nuclear and renewables, driven less by climate goals than by geopolitical risk.

Key quote:

“We’ll all be poorer for it. The planet will be hotter for it.”

— Gernot Wagner, Columbia University economist

Why this matters:

The latest wave of tariffs from the Trump administration is adding fresh turbulence to global energy markets. While pitched as a move to protect U.S. manufacturing, these trade barriers are hitting renewable energy developers where it hurts: in the wallet. Higher import costs for renewable components mean slower timelines for clean energy projects and greater financial uncertainty for the companies behind them. The timing couldn’t be worse, as many countries are banking on solar and battery storage to wean off fossil fuels.

Rising geopolitical tensions are also pushing governments to view energy through the lens of national security. In the short term, the U.S. may lag behind, as tariffs throttle progress and feed skepticism among investors. What’s unfolding is less a coordinated global clean energy push, and more a fragmented, geopolitical scramble for control over future power sources.

Read more: Trump tariffs may raise U.S. wind energy prices and stall project growth

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