We live in a world of freely floating currencies. In such an environment, tariffs are like trying to nail a jelly to the wall.
Tariffs reduce imports and thus lead to a higher exchange rate for the currency. Nevertheless, tariffs lead to higher prices in the supply chain. Expensive currency and high procurement costs endanger the export industry in the medium term.
The introduction of tariffs is the poor man's monetary policy. Nations that understand this find sharp weapons against it.
Chinese wind project developers ordered 228.4GW of wind turbines in 2024 (2023 96.3 GW, +137%)
The average price was
onshore with tower: 1894 Yuan/kW
onshore without tower: 1513 Yuan/kW
offshore with tower: 3307 Yuan/kW
offshore without tower: 2698 Yuan/kW
In 2024, 121GW of wind turbines were connected to the grid worldwide, 80GW of which in China, 41GW worldwide outside China. In 2023, China added 77 out of 112GW
* PostgreSQL 18 now supports parallel builds for GIN indexes, which are commonly used for search over JSON and full-text data.
* Full list: https://www.postgresql.org/docs/18/release-18.html