In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner breaks down the economic turbulence sparked by Trump’s sweeping tariffs, including a 10% tariff on UK goods and a nearly 100% effective tariff on EV batteries from China. He highlights global concern over rising prices, job losses, and market volatility, while questioning whether the move is about economic strength or managing national debt. He also covers oil’s dramatic price drop below $60, driven by OPEC+ production hikes and bearish market sentiment, warning that sustained low prices could stifle U.S. drilling and shake up the energy sector.

Highlights of the Podcast 

00:00 - Intro

01:50 - Trump Tariffs Threaten UK Economic Stability

07:22 - EV Battery Costs Set For Sharp Rise On Trump’s Tariffs

11:30 - Markets Update

14:58 - Rig Count Update

17::20 - Outro

Please see the links below or articles that we discuss in the podcast.

Trump Tariffs Threaten UK Economic Stability

EV Battery Costs Set For Sharp Rise On Trump’s Tariffs

Oil Price in Freefall Reorders Global Energy Landscape

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