US Edition
Chinese Graphite Is Crucial to Electric Car Batteries. Trump Just Put a 93.5% Tariff on It
UNITED STATES, JUL 17 – The 93.5% tariff aims to protect U.S. graphite producers amid allegations of Chinese dumping; imports from China accounted for two-thirds of U.S. graphite last year, industry data show.
- On July 17, local time, the US Department of Commerce announced a 93.5% preliminary anti-dumping duty, targeting Chinese graphite imports.
- Following a December petition by the American Active Anode Material Producers, China’s dominance and alleged subsidies prompted the investigation.
- Data from BloombergNEF shows the effective tariff rate now 160% with existing duties, as noted by Bloomberg.
- Market reaction included Tesla's stock falling 0.7% and CEO O’Kronley stating the tariffs will help domestic industry, according to CNN Friday.
- Looking ahead, the market expects final rulings by Dec. 5, with stakeholders bracing for a transformed industry, according to the US Department of Commerce.
55 Articles
55 Articles
POSCO Future M rises as beneficiary of US tariffs on Chinese graphite
The U.S. government’s recent move to impose heavier tariffs on Chinese graphite has driven investors toward POSCO Future M, even as the battery material maker reported weaker profits due to sluggish g...
Chinese graphite is crucial to electric car batteries. Trump just put a 93.5% tariff on it
The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States.
China Is Using Trump's Tactics Against Him to Corner the EV Market
Although Donald Trump presents himself as a fierce adversary of China, some of his policy moves appear to be a significant boon for the People's Republic. This spring, as Trump's chaotic tariff war captured headlines, a game-changing electric vehicle provision in his "Big Beautiful Bill" lurked just below the surface. After being signed into law on July 4, it turns out that the massive piece of legislation is set to completely upend the American…
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
