Are U.S. tariffs a threat or opportunity for ASEAN’s energy transition?

Tariff tensions could reshape ASEAN’s renewable energy future. (Photo:iStock)

After U.S. President Donald Trump announced new tariffs on select imports this April, ASEAN countries swiftly launched negotiations in a bid to cushion the blow.

According to analysis by financial advisory firm S&P Global, nations that had previously benefited from the China+1 strategy now face rising tariff risks. Steep U.S. tariffs could dampen electricity demand from Southeast Asia’s manufacturing sector, casting uncertainty over the region’s energy transition.

Solar costs keep falling, firms urged to reassess power strategies

In a recent webinar hosted by S&P Global Commodity Insights, experts examined the implications of U.S. tariffs on ASEAN’s clean energy and power sectors. The discussion focused on projected trends in solar development and how companies might adapt.