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Introduction of Import Tariffs and Removal of EV Subsidies in the U.S.: Donald Trump's Initial Steps

... Mexico, the end of subsidies for electric vehicles, and the US withdrawal from the Paris Climate Agreement caused a wide resonance. Read our article to find out how these measures will affect the US economy and international relations. Introduction of Import Tariffs and Cancellation of Electric Vehicle Subsidies in the U.S.: The First Steps of Donald Trump On his inauguration day, President Donald Trump took several high-profile steps aimed at changing the economic policy of the United States. These decisions included the introduction ...

Energy Sector News – Wednesday, July 30, 2025: Brent Surpasses $70; Europe Accelerates Gas Injections Before Winter

... monitoring the fulfillment of the deal's conditions and possible retaliatory reactions from Russia and its partners. Electricity and Renewables: Record Loads and Growth of 'Green' Generation Unusual weather this summer is setting new records in the electricity sector and confirming the importance of renewable energy sources (RES) . In China , July saw a record load on the energy system: peak electricity consumption reached a historic maximum of about 1.5 TW (1.5 billion kWh). Such high demand is associated with extreme heat and widespread ...

It became known about China's plans for the electrification of motor vehicles.

... two years, the share of electric vehicles in passenger car sales in China could exceed 70%." Tereshkin recalled that trade restrictions were first introduced by Joe Biden's administration. Specifically, since last fall, the tariff on Chinese electric vehicle imports to the U.S. has been set at 100%, meaning that consumers will have to pay twice the price when purchasing an electric car. Furthermore, China is rich in mineral resources critical for the "new" energy sector, the expert noted. According ...

Gas Prices in Moscow Reach Record Highs: Reasons for Increase and Prospects for the Fuel Market

... companies are switching to compressed natural gas to lower fuel expenses. In addition, gas and coal are the essence of energy generation, affecting electricity tariffs, which indirectly touches the economics of fuel (for example, the electricity cost is important for electric vehicles and oil refining). Coal. The global coal market experiences contradictory trends: on one side, countries are gradually transitioning to cleaner energy sources, and on the other, demand for coal remains high in Asia. For Russia, coal ...

Energy Market News – Tuesday, July 29, 2025: Brent around $70 amid US-EU deal, gas reserves in Europe, gasoline export ban in Russia

... countries (Japan, Indonesia, the Philippines) and is seeking an extension of the tariff truce with China while limiting oil imports from Russia and Iran. All these initiatives aim to reshape global energy supply chains, strengthen the positions of American ... ... routes. Participants in the energy market are closely monitoring statements from leaders and preparing for any developments. Electricity and Renewables: Generation and Load Records Summer weather anomalies are bringing the condition of electrical networks ...