This will be the first full week of trade under President Trump’s new trade policy. Commodities will trade all week with tariffs in place, and while there might be some turbulence, energy groups say desired results will be worth it.
“The President and his administration have been very clear about this - the whole purpose is to bring jobs back to this country, and to bring economic opportunity back to this country. It is shocking to see our trade deficit and how much we are spending in other countries, and those countries are restricting our goods and services. The agriculture sector is the one that’s probably hurt the most and has probably gotten the least attention so far,” said David Holt, President of Consumer Energy Alliance.
From an energy stance, Holt says the emergency orders signed last month will likely help bring consumer costs down, including diesel and gas prices. However, he says it will also help lower costs to run artificial intelligence facilities, which require a lot of energy.
