Tariff fears sink Dow Jones & raise solar cost risks in US energy sector

The Dow Jones was down 700 points as per analysts who linked the fall to expected tariff announcements by Donald Trump. According to market observers, clean energy sectors like solar were especially vulnerable. The US solar industry has been facing higher panel costs due to existing import duties despite global price declines. As per Anza Renewables CEO Mike Hall, new tariffs would raise costs and reduce deployment efficiency across projects. Demand from electric vehicles and data centers is rising, which may intensify pressure on project viability. Trump is reportedly targeting the European Union first, followed by countries like India, China, and Canada. As per the Department of Commerce in Washington, D.C., it has added duties in every solar-related trade case it has reviewed.