Featured in Best in class – 01-2020

Trump touts trade tariffs

While the Inflation Reduction Act (IRA) is reshoring solar manufacturing in the United States, raising import tariffs may slow momentum. The actions of the incoming Trump administration are tough to forecast at this point.

By

Anne Fischer

03 Dec 2024

Trump levied tariffs on Chinese goods during his first term as president and has pledged to do so again when he returns to the White House in January 2025. | Photo: Shealah Craighead/The White House

With passage of the IRA, along with the Bipartisan Infrastructure Law and the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, the United States has a strong industrial policy for the first time in about 50 years.More than $265 billion of clean energy investments have been made, with 330,000-plus new jobs anticipated, since …

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