Declaring a National Emergency To Secure the United States Bulk-Power System
Executive orderRegulation tightenedSigned 08/26Federal Register 08/31Executive Order 14421Open the original
Summary
Under IEEPA, President Trump declares a national emergency over the foreign supply of bulk-power system electric equipment. Transactions the Secretary of Energy finds involve equipment from covered foreign entities and pose undue risk are prohibited, and conditions such as isolation, replacement or removal may be imposed on installed equipment.
By industry
- Energy & LNG1 trading day+1.4%p15 stocks5 trading days+4.9%p15 stocks20 trading days+142.2%p15 stocks
“the situation with respect to the foreign supply of bulk-power system electric equipment constitutes an unusual and extraordinary threat”
Day by day after the announcement
| Day | Energy & LNG stocks | S&P 500 |
|---|---|---|
| 26/08/25 | 0.0% | 0.0% |
| 26/08/26 | +2.0% | +0.6% |
| 26/08/27 | +2.4% | +0.6% |
| 26/08/28 | +1.5% | +0.4% |
| 26/08/31 | +2.3% | +0.2% |
| 26/09/01 | +4.4% | −0.5% |
| 26/09/02 | +3.5% | −0.1% |
| 26/09/03 | +2.8% | +0.9% |
| 26/09/04 | +2.5% | +0.5% |
| 26/09/08 | +2.3% | 0.0% |
| 26/09/09 | +2.4% | −0.4% |
| 26/09/10 | +3.0% | −1.0% |
| 26/09/11 | +1.9% | −0.2% |
| 26/09/14 | +323.0% | −0.6% |
| 26/09/15 | +300.5% | −1.0% |
| 26/09/16 | +290.0% | −1.2% |
| 26/09/17 | +286.5% | −0.5% |
| 26/09/18 | +288.9% | −0.4% |
| 26/09/21 | +248.3% | +1.0% |
| 26/09/22 | +183.7% | +1.0% |
| 26/09/23 | +142.5% | +0.3% |
Korean stocks in these industries
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
- Samsung Heavy Industries 010140
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Alan Armstrong
BuyWilliams Companies
BuyWilliams Companies
WMB
$15K–$50K
Joint
$15K–$50K
Reported 09/17
Traded 08/20
- Alan Armstrong
BuyWilliams Companies
BuyWilliams Companies
WMB
$1K–$15K
Joint
$1K–$15K
Reported 09/17
Traded 08/19
