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Trump’s tariffs will deliver a big blow to climate tech
- Donald Trump's tariffs have sparked fears of a global trade war and recession, with potential impacts on the cleantech sector and greenhouse gas emissions reduction.
- Experts warn of significant risks faced by cleantech and climate tech sectors in the current economic climate.
- The US lacks a federal climate strategy, raising concerns about the nation's economic direction and outlook for these industries.
- Challenges include uncertainties around government support for electric vehicles, battery production, and clean energy subsidies.
- Trump's tariffs, including a 54% levy on Chinese goods, could increase costs for businesses and impact industries like electric vehicles and renewable energy.
- Higher prices for materials like aluminum and steel could raise costs for building renewable energy infrastructure.
- Economic slowdown could affect funding for startups working on climate tech solutions, potentially hindering progress in the sector.
- Government cuts and policy uncertainties may further constrain funding for cleantech companies and projects.
- Investments in clean energy have been cooling, with concerns over the impact of Trump administration policies on the sector.
- Rising uncertainty may deter companies from making long-term investments in clean energy, potentially impacting the US market's competitiveness.
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