
Trump Tariffs and the Impact on the Power Sector
DUBLIN--(BUSINESS WIRE)--May 21, 2025--
The 'Trump Tariffs and its impact on Power Sector - Strategic Intelligence' report has been added to ResearchAndMarkets.com's offering.
Discover the impact of Trump tariffs on the power sector, particularly offshore wind capacity. This report explores executive orders affecting energy transition technologies such as solar, wind, and electric vehicles, and delves into trade escalations between the US, China, and North America.
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For more information about this report visit https://www.researchandmarkets.com/r/bucn6d
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PUB: 05/21/2025 08:48 AM/DISC: 05/21/2025 08:47 AM
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Miami Herald
an hour ago
- Miami Herald
Toyota makes a tariff move customers are going to hate
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Yahoo
an hour ago
- Yahoo
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The Standard & Poor's 500 Index entered 2025 at 5,868 and peaked on February 19 at 6,144; it then proceeded to give back nearly all of that gain by the time April rolled around. But after President Trump's so-called 'Liberation Day' – when he announced sweeping tariff plans that rattled the markets – the index lost another 15% in a matter of days, setting a new low on April 8 at 4,982. The market then began to grind its way back; a month after Liberation Day, on May 2, it had recovered the full measure of the decline triggered by the tariff announcement. By May 13, the S&P 500 was in positive territory for the then, it has ground higher, crossing 6,000 on June 6; that – and the record of 6,144 – was where a lot of market observers expected to see resistance, where a market that failed to break through could fall back, potentially all the way back to the April lows. 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Focus on the technicals and rely on history, however, and Turnquist says a different picture starters, bottoms are a process where the market hits lows and then tests them repeatedly, but the April downturn was V-shaped, steep and fast down but with a hard bounce and no-retest of the downturn. There is reason to believe in the upside, Turnquist says. In an interview on 'Money Life with Chuck Jaffe,' Turnquist noted that LPL research shows that over the last 75 years, when there is a meaningful new high three months after the last high was set, momentum tends to keep rolling, and the average return for the index over the ensuing 12 months is nearly 10 percent. 'We can't discount the fact that we have a lot of trade uncertainty,' Turnquist said. 'Yes, we're past peak policy uncertainty when it comes to trade, but still very elevated, still a lot of headline risk. We talk about the deficit as well. There's risk there.' 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The Hill
2 hours ago
- The Hill
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Innovation in gene therapies, cancer immunotherapies, and treatments for rare diseases depend on regulatory clarity and speed. Without senior staff to help clarify agency positions, decisions are either delayed or driven by less-experienced personnel unfamiliar with long-standing scientific standards. It's no surprise then that over 200 biotech CEOs, patient advocates and investors — many of them strong supporters of FDA modernization — have expressed their concerns in a letter to Senate Health, Education, Labor and Pensions Committee Chairman Bill Cassidy (R-La.). As a former member of Congress who sat on the Appropriations subcommittee overseeing the FDA, I have long supported targeted reforms to make the agency more nimble and responsive. But there is a fine line between streamlining operations and cutting the institutional capacity necessary to do the job. Removing experienced drug reviewers before an adequate backup plan can be put into place not only jeopardizes U.S. safety standards but also undermines our competitive edge. This matter is not merely a domestic problem; it's a global race. Since 2014, the number of biomedical drugs under development in China has grown twelvefold. Meanwhile, innovation in the U.S. has remained relatively flat. If trends continue, China could match or surpass the U.S. in biomedical innovation within the decade. We have seen this movie before — in semiconductors, in telecommunications, in clean energy. We cannot afford to let biotech go the same way. The Trump administration's tariff policy was designed to bring pharmaceutical manufacturing back to U.S. shores. But how can we expect capital to stay in the U.S. if our regulatory infrastructure cannot deliver? Delays and unpredictability at the FDA don't just slow down science — they push investors to look elsewhere. Even the user fee system — critical to funding timely drug reviews and a source of government revenue — has been impacted by the reduction in force. Staff who oversaw the reauthorization of the Prescription Drug User Fee Act have been laid off, raising questions about whether the agency will even be able to continue to collect user fees and whether these government cuts will actually end up costing taxpayers in the long run. Of course, Kennedy has long been a vocal advocate for health reform. His Make America Healthy Again agenda's focus on combatting chronic diseases and enhancing nutritional standards deserves attention. His focus for such reform is where his background and passion can lead to meaningful improvements. But when it comes to regulating complex biologics and therapeutics, we must be careful about taking actions that could inadvertently stymie scientific progress. President Trump's vision for American self-reliance will only succeed if it's built on a foundation of regulatory competence and stability. Swift actions should therefore be taken to restore the FDA's core functions, rehire critical staff and unfreeze the hiring of roles essential to America's leadership in biomedical science. The stakes — for patients, for innovation and for national security — are simply too high to ignore. John T. Doolittle is a former member of Congress who served on the Agriculture, Rural Development, FDA, and Related Agencies subcommittee of the Committee on Appropriations.