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PROMISES MADE, PROMISES KEPT: Karoline Leavitt breaks down President Trump ' s first 2 weeks availability of reliable energy supplies, a stable power grid, technological innovation, AI and national security”.
Speaking with Energy Digital at India Energy Week, Ed says that traditional energy is undeniably developing under Trump – not only impacting the US but the wider world.
“ The announcement of tariffs and tariffs being threatened, that’ s the most interesting recent development,” he says.“ The big question here is to what extent the different objectives of the administration flip with each other. They’ re very different, that’ s clear.
“ The tension arises because the administration is saying‘ we want to reduce the cost of energy, increase production and guarantee security of supply – particularly for AI because AI ' s a national security ground’. Yet, if you want to put tariffs on steel and on equipment, that raises costs.
“ It’ s a domino effect that has a cascading effect on the gas industry.”
For example, tariffs on Mexico and Canada – both fairly large suppliers of equipment to the US – could have a detrimental impact on energy costs and supply chains.
Wood Mackenzie data suggests the US imports around 80 % of its large transformers, with surging demand meaning the country’ s reliance on imports for critical transmission and distribution( T & D) equipment could continue to grow. energydigital. com 57