President Donald Trump’s announcement of sweeping new global tariffs last week sent shockwaves through international markets, igniting fears of economic slowdown and triggering retaliatory measures from major trading partners like China. The consequences are already reverberating through the global energy system: oil and gas prices are sliding, producers are under pressure, and the clean energy transition faces fresh headwinds as tariffs hit solar panels, EVs, and battery components. With geopolitical tensions simmering and economic uncertainty rising, could Trump’s tariff gamble reshape the global energy landscape for years to come? And how vulnerable is Russia’s oil-dependent economy in this new low-price era?

In this episode, Paul Saunders speaks with Tatiana Mitrova, a Research Fellow at Columbia University’s Center on Global Energy Policy and Director of the New Energy Advancement Hub. Mitrova has twenty-five years of experience in dealing with global energy markets, including production, transportation, demand, energy policy, pricing, and market restructuring.

Music by Aleksey Chistilin from Pixabay