Explore the potential impact of Donald Trump's proposed tariff policies could impact global energy commodity markets, including the risks of trade wars and the strategic responses being considered by affected nations.
The U.S. presidential elections are four months away, but in some capitals, politicians are already getting nervous. Donald Trump has vowed to slap tariffs on pretty much everything that comes into the country. But some are getting nervous in the U.S. as well because a tariff policy could upend energy commodities . The tariff approach that Donald Trump has proposed as what seems to be the center of his trade policy is not new for him.
“We will look for deals, but we are ready to defend ourselves if it comes to it. We won’t be guided by fear.” It is, however, precisely fear that is urging officials on in their preparations for a second Trump presidency because they remember the first one and the tariffs that the U.S. administration slapped on some European imports at the time. Back then, Trump imposed tariffs on EU steel and aluminum. The EU retaliated with its own tariffs—on U.S. motorbikes and whiskey.
Trade Wars Energy Commodities US Exports China EU LNG Oil Protectionism Economic Impact
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