Vestas CEO says Trump’s tariffs to push global power prices, urges calm on US market’s long-term prospects
The sweeping tariffs introduced by US president Donald Trump could lead to higher electricity prices around the world, said Hendrik Andersen, CEO of Danish wind turbine manufacturer Vestas, in an interview with business newspaper Handelsblatt. Prices in industry supply chains are set to rise with the tariffs, which producers would ultimately pass on to consumers, Andersen said.
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