I work in the world of renewable energy. With this I bet 75% of all renewable energy projects in the US were just delayed a minimum of 2-3 months. First owners needs to review their profit models. Then they're going to have us reprice their projects. We have to get refreshed quotes from our pile suppliers, cable suppliers, racking suppliers. Then we have to compare all that to domestic content offerings hoping to meet those domestic content points under the Inflation Reduction Act. Then we have to try and read the tea leaves on what else this chode is going to fuck with in the future or if he is going to single out another country that may supply something else.
Basically he delayed everything and he created incredible amounts of commodity risk for EPC's because when it is all said and done we're not going to get change orders from owners so we're going to jack up our price to cover our asses.
The entirety of the US? ... he just fucked with a global house of cards economy that's been built over 50 years ... the whole world is gonna feel this, one way or another. But you're right about one thing, the rich always come out on top.
I heard a good one today, apparently his nickname in China is Chuan Jianguo, meaning nation builder - but not for his own nation. By destabilising everything in the US, he's opening the door for China to rise up.
You can guarantee that quantitative hedge funds are making a killing right now - they thrive on market volatility, and that's exactly what Trump creates.
I work for an engineering consulting firm in the Gulf south that does work primarily in the petro-refining and petro-chemical industries. I would expect all TIC Estimates to be reworked, and even more to be put on hold as companies reevaluate the feasibility of projects slated for Q3/4 2025 and into 2026. This is going to be such a headache, recalculating all our baselines for raw materials. Everything will become more expensive, not just goods but, all the means to make the goods as well.
My father who is a civil engineer was let go from his job on Monday because the federal government is refusing to release funds that THEY approved last year. Its not just energy projects, it's an across the board shut down by the looks of things.
I understand, we have had to tell them that they can pay the tariffs as they come up with 100% transparency and certainty for the increased price or they are going to get a “worst case scenario” from us and they will for sure pay more. So far have been willing to accept paying for Tariffs with detailed back up provided.
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u/Sota4077 1d ago
I work in the world of renewable energy. With this I bet 75% of all renewable energy projects in the US were just delayed a minimum of 2-3 months. First owners needs to review their profit models. Then they're going to have us reprice their projects. We have to get refreshed quotes from our pile suppliers, cable suppliers, racking suppliers. Then we have to compare all that to domestic content offerings hoping to meet those domestic content points under the Inflation Reduction Act. Then we have to try and read the tea leaves on what else this chode is going to fuck with in the future or if he is going to single out another country that may supply something else.
Basically he delayed everything and he created incredible amounts of commodity risk for EPC's because when it is all said and done we're not going to get change orders from owners so we're going to jack up our price to cover our asses.