As global trade policies shift and supply chain disruptions mount, the PVF market faces an uncertain second quarter, marked by evolving tariffs, rising material costs, oil market volatility, and a critical need for skilled labor—making industry collaboration and information sharing more vital than ever.

As of the writing, the outlook for the PVF industry remains fluid in the wake of President Donald Trump’s April 2, 2025, “Day of Liberation” announcement, which included the imposition of reciprocal tariffs on a wide range of countries and products.

April marks the beginning of the second quarter of 2025, with oil pricing, as of this writing, at $67.05/barrel for WTI and Brent at $70.37/barrel. 

President Trump’s tariffs on Mexico, Canada and China have been implemented as of this writing (25% on Mexico and Canada and an addition 10% across-the-board on all goods from China). 

With Mike Johnson re-elected as Speaker of the House (with the support of then President-elect Donald J. Trump) on the first ballot, it bodes well for the Trump agenda regarding the energy sector of the economy and the PVF industry. 

When this column is published, the inauguration of the 47th President of the United States, Donald Trump, will have taken place or will commence shortly, igniting a new era of optimism for the PVF industry.

We are approaching the end of calendar year 2024 and Donald J. Trump is our president-elect, giving the energy and PVF sectors a breath of fresh air for future development and lower-cost energy.

By the time this article is published and read, the November elections have been decided, and the future direction for the energy sector is defined

This month begins the final quarter of the calendar year 2024, with an election only a few weeks from when you read this column. 

September marks the end of 2024’s third quarter, with many uncertainties affecting the prospects for the PVF industry sector of the economy.