The Trump administration is exempting a number of energy-related items from its sweeping list of tariffs on imports. Still, energy markets crumbled on Thursday in response to the president’s tariff announcement with the long-term outlook for the sector remaining unclear. POLITICO’s Ben Lefebvre breaks down the short-term and long-term impact of President Trump’s tariffs on the energy sector. Plus, a company that received a conditional commitment for a loan guarantee under the Biden administration announced Thursday it is canceling its plans for a plastics recycling plant in Pennsylvania.
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