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Politics

As Trump’s Tariffs Sink In, the Fallout Begins
Economy

AM Briefing: Tariffs Sink In

On Wall Street’s wipeout, more severe weather, and hurricane season predictions

Politics

The Most At-Risk Projects of the Energy Transition

These are the 10 most important clean energy transition projects struggling to get off the ground

Yellow
Politics

The Politics of Carbon Capture Are Getting Weirder

The culture wars are threatening one of the few bipartisan areas of climate policy.

Severe Storms Threaten Millions with ‘Generational’ Flooding

AM Briefing: Once-in-a-Lifetime Flooding

On once-in-a-lifetime bad weather, Trump tariffs, and Tesla’s shares

Yellow
Climate voting.

The Climate Election You Missed

While you were watching Florida and Wisconsin, voters in Naperville, Illinois were showing up to fight coal.

Green
Economy

AM Briefing: Liberation Day

On trade turbulence, special election results, and HHS cuts

Trump’s ‘Liberation Day’ Tariffs Loom
<p>Heatmap Illustration/Getty Images</p>

Current conditions: A rare wildfire alert has been issued for London this week due to strong winds and unseasonably high temperatures • Schools are closed on the Greek islands of Mykonos and Paros after a storm caused intense flooding • Nearly 50 million people in the central U.S. are at risk of tornadoes, hail, and historic levels of rain today as a severe weather system barrels across the country.

THE TOP FIVE

1. Trump to roll out broad new tariffs

President Trump today will outline sweeping new tariffs on foreign imports during a “Liberation Day” speech in the White House Rose Garden scheduled for 4 p.m. EST. Details on the levies remain scarce. Trump has floated the idea that they will be “reciprocal” against countries that impose fees on U.S. goods, though the predominant rumor is that he could impose an across-the-board 20% tariff. The tariffs will be in addition to those already announced on Chinese goods, steel and aluminum, energy imports from Canada, and a 25% fee on imported vehicles, the latter of which comes into effect Thursday. “The tariffs are expected to disrupt the global trade in clean technologies, from electric cars to the materials used to build wind turbines,” explained Josh Gabbatiss at Carbon Brief. “And as clean technology becomes more expensive to manufacture in the U.S., other nations – particularly China – are likely to step up to fill in any gaps.” The trade turbulence will also disrupt the U.S. natural gas market, with domestic supply expected to tighten, and utility prices to rise. This could “accelerate the uptake of coal instead of gas, and result in a swell in U.S. power emissions that could accelerate climate change,” Reutersreported.

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Podcast

The Least-Noticed Climate Scandal of the Trump Administration

Rob and Jesse catch up on the Greenhouse Gas Reduction Fund with former White House official Kristina Costa.

Lee Zeldin.
<p>Heatmap Illustration/Getty Images</p>

The Inflation Reduction Act dedicated $27 billion to build a new kind of climate institution in America — a network of national green banks that could lend money to companies, states, schools, churches, and housing developers to build more clean energy and deploy more next-generation energy technology around the country.

It was an innovative and untested program. And the Trump administration is desperately trying to block it. Since February, Trump’s criminal justice appointees — led by Ed Martin, the interim U.S. attorney for the District of Columbia — have tried to use criminal law to undo the program. After failing to get the FBI and Justice Department to block the flow of funds, Trump officials have successfully gotten the program’s bank partner to freeze relevant money. The new green banks have sued to gain access to the money.

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