The big beneficiary of Trump's tariffs would be the electric car

The oil industry has requested exemptions from tariffs that, if implemented, would significantly increase their operating costs and, consequently, the price of energy for consumers. Bad news for users of combustion cars.

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The proposals include a tariff of 10% on Canadian oil and 25% on global steel and cargo from Mexico, which could have a negative impact on both the industry and American consumers.

During his campaign, President Donald Trump received tens of millions of dollars from the oil industry in exchange for promises of favorable policies that, ironically, contradict the effects that such policies could have on costs for consumers.

Tariffs on oil could be the death knell for the combustion engine car

Despite the fact that tariffs generally raise the cost of living and can provoke trade retaliations that harm other U.S. industries, they remain a popular strategy among some political sectors.

A representative of the American Petroleum Institute (API) stated that Trump’s so-called “energy dominance plan” is “more important than the tariff agenda.” However, the API also argues that these tariffs would threaten their profit margins, which would inevitably lead to an increase in prices for the consumer.

In this context, an alternative emerges to reduce dependence on oil: the use of solar panels to charge electric vehicles. This option not only promises less dependence on fossil fuels but can also represent significant cost savings in the long run.

Interested parties are advised to explore options for competitive solar installers that offer quality solutions and savings of between 20% and 30%.

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With the future of energy policy at stake, the dilemma between industry interests and consumer needs is becoming increasingly urgent.