Trump’s tariffs risk pushing up prices for consumers and harming industry

Commenting on President Trump’s announcement on new global tariffs, RenewableUK's Deputy Chief Executive Jane Cooper said: 

“Tariffs and trade disputes risk pushing up prices for consumers and harming industry, so the priority must be resolving this dispute and developing a UK trade strategy that strengthens our energy security and reduces risks to the UK supply chain. These tariffs, combined with the US Government's recent moves to halt the development of offshore wind, will mean American and UK companies will miss out on opportunities to trade, invest and collaborate in innovative clean technology.

"While trade in goods for renewables between the US and UK is relatively limited, we are concerned at the wider impact these tariffs could have on the supply chain in the UK and across Europe. Many of our manufacturers operating in the UK - and collectively employing thousands of people here - also have factories in the EU, so President Trump's announcements will have a far-reaching impact across our sector”.