U.S. National Security Concerns Spark Wind Turbine Investigation

News Snapshot:

The U.S. Commerce Department announced a national security investigation into the importation of wind turbines and their components, a move that could lead to increased tariffs, following the addition of wind turbines to a list of products facing a 50% tariff on aluminum and steel content. Research firm Wood Mackenzie highlighted that about two-thirds of a U.S. wind turbine's value is from imports. U.S. imports in 2023 were valued at $1.7 billion, the lowest since 2013, with leading suppliers including Europe, Mexico, and India. Chinese imports have declined due to increased trade tensions. Since January, President Donald Trump has aimed...