How Trump’s trade war could impact US electricity prices — and state climate plans

On Tuesday, President Donald Trump initiated a trade war with Canada and Mexico, America’s two largest trading partners. Following through on weeks of threats, he imposed 25 percent tariffs on imported goods from Mexico and Canada and a lower 10 percent tariff on imports of Canadian energy resources.
Canada and Mexico’s leaders quickly struck back. Canadian Prime Minister Justin Trudeau unveiled an immediate 25 percent tariff on $ 20.5 billion worth of goods from the United States and promised to extend the tax to another $ 85 billion in products in late March. Mexican President Claudia Sheinbaum announced she also planned to unveil retaliatory tariffs this coming Sunday.
Trump’s tariffs, which are widely expected to raise prices for U.S. consumers, are also poised to upend the American electricity market. All U.S. power grids except for Texas’ have some level of …