Tariff war to slow clean energy shift, warns UBS

US firms to find it harder to import green tech components

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The energy transition looks set to suffer a meaningful blow amid the continued decoupling of trade ties between the world’s two biggest economies, according to analysts at UBS Group AG’s global wealth management arm.

The deepening tariff war between America and China “cements challenges for US companies to import components key to decarbonisation related technologies,” UBS Wealth analysts, including Amantia Muhedini and Tiffany Agard, wrote in a note to clients dated April 4.

Will push costs higher