Preliminary thoughts on new tariff impacts
As we write this, we are waiting to see China’s response after the US slapped a massive 104% tariff on Chinese goods entering the US. The US is a substantial user of Chinese batteries and battery materials. When we say battery materials, we mean more anode and cathode than we mean lithium chemicals and the rest. But, let’s not forget, that the US is also a substantial user of battery parts, in particular imported from Korea, and Korea also doesn’t come out well from the Tariff report card. While not a major importer of batteries for EVs, the US has...
Topics
Batteries
BESS
China
Consumer
EVs
Inflation
Lithium
Tariffs
US
