Donald Trump has announced his sweeping ‘Liberation Day’ global tariffs, with another new China tariff resulting in an effective doubling of the price of batteries and BESS imported from there to the US.
US president Donald Trump has brought in new tariffs on China, Canada and Mexico, which will hit batteries – the kind of move Samsung SDI said could benefit its Korea-based manufacturing.
US lawmakers have accused lithium-ion battery OEMs CATL and Gotion High-Tech of having supply chain connections to forced labour and Uyghur oppression in China – a claim the firms adamantly deny – and called on an immediate block on shipments of their products.
The COVID-19 crisis is bringing into the public eye the US’ dependency on importing goods, particularly batteries for advanced energy storage and electric vehicles, the CEO of a battery materials startup has said.
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
