Made in America, Unless it’s Not — Tariffs and Transformers

Teri Viswanath

April 23, 2025

Even before COVID and the U.S.-China trade war, U.S. supply chains were already reshoring manufacturing. But that process hasn’t occurred fast enough to curb the dependency on imported critical components for transformers produced domestically. This leaves the utility industry particularly vulnerable to the next round of targeted tariffs, as CoBank Energy Economist Teri Viswanath explains in this video brief.

 
 

Disclaimer: The information provided in this report is not intended to be investment, tax, or legal advice and should not be relied upon by recipients for such purposes. The information contained in this report has been compiled from what CoBank regards as reliable sources. However, CoBank does not make any representation or warranty regarding the content, and disclaims any responsibility for the information, materials, third-party opinions, and data included in this report. In no event will CoBank be liable for any decision made or actions taken by any person or persons relying on the information contained in this report.

 
 
 
 

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