News

Outburst! U.S. Tariffs on China's Lithium Batteries: Increased to 25%

2024-05-16

On May 14, the White House announced that Biden announced that Biden would raise tariffs on China's steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar cells, ships, cranes, medical supplies, etc.

Electric vehicles: tariffs will be increased from 25% to 100%.

Batteries, battery components and parts, and critical minerals: tariffs will be increased from 7.5% to 25% for lithium-ion EV batteries, from 7.5% to 25% for non-EV batteries, and from 7.5% to 25% for battery parts; Tariffs on natural graphite and permanent magnets will be increased from 0 to 25%.