"The tariffs will make everything from heat pumps and solar panels to EVs more expensive."
"Shortly after he was reelected last month, Donald Trump announced an economic gambit that was aggressive even by his standards. He vowed that, on the first day of his second term, he would slap 25 percent tariffs on imports from Canada and Mexico, and boost those already placed on Chinese products by another 10 percent.
The move set off a frenzy of pushback. Canadian Prime Minister Justin Trudeau even flew to the president-elect’s Florida resort to make his case. Economists say the potential levies threaten to upend global trade — including green technologies, many of which are manufactured in China. The moves would cause price spikes for everything from electric vehicles and heat pumps to solar panels.
“Typically with tariffs, we’ve seen [companies] pass them along to the consumer,” said Corey Cantor, electric vehicles analyst at Bloomberg NEF. Ansgar Baums, a senior fellow at the nonpartisan foreign policy think tank Stimson Center, said retaliatory moves from the three targeted countries would only make things worse. “It will drive up consumer costs and hurt those who cannot afford it.”"
Advertisement 
