Fares Arafat

1 week ago | theenergypioneer.com | Fares Arafat

Three months into his presidency, Donald Trump's impact has been nothing short of disruptive. From century-old alliances being tested to a fundamental shift in global trade, few sectors have been spared, including the green tech industry. His recent tariffs on steel and aluminum have targeted the US's efforts to decarbonize its steel industry. This has resulted in warning that the nascent U.S. green steel industry could be sidelined, missing out on critical decarbonizing opportunities.

1 month ago | theenergypioneer.com | Fares Arafat

In a bid to move the US off foreign products and " take other countries' jobs", the Trump administration has imposed a 25% tariff on all steel and aluminum imports. This isn't new. Similar policies were seen in 2018 under his first administration, but its breadth today is much broader and is set to $1.4 trillion worth of goods as opposed to $380 billion in 2018 and 2019.