• The White House of Donald Trump is aggressively escalating its war on renewables, moving from rhetoric to real policy decisions that are placing the US wind and solar industries in jeopardy. In a series of recent actions, the administration has inserted new permitting reviews, set standards that discourage new projects on federal land, canceled proposals for offshore wind farms, and rejected a big wind farm in Idaho. The policy change, which critics say is aimed at stifling the industry, is a sharp turnaround from previous attempts to foster the creation of clean energy.

• In the meantime, President Donald Trump’s trade policies are hurting India painfully. The US has doubled tariffs on Indian goods to 50% in retaliation for the country’s continued import of Russian oil. Experts are warning that the move has the potential to make a significant volume of Indian exports uncompetitive in the US market and can shave off up to 1% of the country’s GDP, damaging a slowing economy.

• On international markets, oil prices recovered from an earlier decline as traders await an upcoming meeting between President Trump and Russian President Vladimir Putin. While the venue has been agreed upon and would later be publicized, the outcome of the meeting is anxiously anticipated as it could have an impact on oil supply and global energy dynamics, particularly after Trump’s recent threat to impose sanctions on countries purchasing Russian oil.