New punitive tariffs may prove costly to the wind industry
The current US wind boom faces a new threat which may impact some wind turbine manufacturers and shut down projects, analyst assesses.
Last week, the US escalated its trade war on China. Whether US President Donald Trump's threat of new USD 300 billion tariffs on Chinese goods as of September will impact the wind industry, and to what degree, remains uncertain. The industry is currently strained under the 25 percent tariff on Chinese steel. At the time of writing, the US Trade Representative (USTR) has not yet announced a full list of affected products.
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