The U.S. government is initiating reciprocal tariff discussions in an attempt to address a persistent trade deficit. This strategy involves adjustments to import duties based on actions taken by trading partners, fostering fairer market practices and protecting domestic industries. President Trump has announced the EU’s willingness to negotiate a new trade agreement, potentially leading to increased economic cooperation. Furthermore, the administration is evaluating modifications to existing tariffs in response to trading partner actions, aiming for tariff adjustments that reflect current market conditions and retaliatory measures. Efforts are underway to enhance the reliability and security of the U.S. electrical grid. Senators have voiced support for initiatives providing energy tax credits, which could incentivize investments in renewable energy sources and sustainability. The Department of Energy has revised its university research policy, resulting in cost savings of $405 million. Secretary of Energy is embarking on a Middle East trip to foster international energy partnerships and explore collaborative opportunities. For the latest updates, please follow us on Twitter at @hokanewscom.