GW Strategies’ Post

The U.S. will impose 25% tariffs on natural flake graphite imported from China starting in 2026. Presently, the U.S. has no domestic graphite industry, importing all of its graphite needs. In 2023, the U.S. imported 40% of its natural graphite from China, paying $3,886.00 per ton. The tariff will raise the average cost to $4,857.00 per ton. However, U.S. producers will have to show that they can deliver a product at competitive prices which is far from certain. https://lnkd.in/g7jzkQpP

Yesterday, we reported on U.S. President Joe Biden’s plans to hike import tariffs on Chinese electric vehicles and other clean-tech goods. On Tuesday, the White House published a concrete list of updated and to-be-imposed tariffs. Besides the quadrupled levy on EVs, multiple new additions and hikes are part of the list. While the rates on semiconductors and solar cells will double from 25 to 50 percent each, tariffs on lithium-ion batteries for EV and non-EV usage and battery parts will more than triple from 7,5 to 25 percent. In addition, entirely new tariffs will be imposed on natural graphite, certain other critical minerals, and permanent magnets at a rate of 25 percent, while the levy on syringes and needles will even reach 50 percent. #rawmaterials #criticalminerals #import #rareearths #magnets #lithium

On May, 15th, 🇺🇸 President Biden instructed his trade representative to increase tariffs on $18 billion worth of imported goods from China under Section 301 of the Trade Act of 1974, aiming to protect American workers and businesses. 📢 The "Invest in America" agenda of the Biden-Harris administration has spurred over $860 billion in commercial investments through public incentives in future industries such as electric vehicles (EVs), clean energy, and semiconductors. 📈 The tariffs will commence gradually from the year 2024 to 2026, covering the following sectors. 🚗 Electric Vehicles (EVs) Tariffs on electric vehicles under Section 301 will increase from 25% to 100% in 2024. China's electric vehicle exports grew by 70% from 2022 to 2023 due to widespread subsidies and non-market practices causing significant risks of overcapacity. 🔋 Batteries, Battery Components, and Critical Minerals In 2024, tariffs on lithium-ion batteries for electric vehicles will rise from 7.5% to 25%, and by 2026, tariffs on non-electric vehicle lithium-ion batteries will also increase from 7.5% to 25%. Tariffs on battery components will rise from 7.5% to 25% by 2024. In 2026, tariffs on natural graphite and permanent magnets will increase from zero to 25%. Additionally, tariffs on certain other critical minerals will rise from zero to 25% by 2024. 🇨🇳 While onshore production in the U.S. has seen rapid progress recently, China currently still controls over 80% of certain segments of the electric vehicle battery supply chain, especially upstream nodes like critical mineral extraction, processing, and refining. This policy is hoped to foster a new supply chain in the U.S. with nearly $20 Billion in grants and loans issued already. #Batterynews #BYD #TESLA #CATL #Tradewar #Trarrifs

North American Graphite Miners Push for Tariffs to Combat China’s Dominance North American graphite miners are urging the US government to impose a 25% tariff on three graphite products sourced from China, aiming to challenge Beijing’s monopoly on a crucial material essential for automobile batteries. If successful, this initiative would escalate tensions between the miners and their primary customers – the original equipment manufacturers (OEMs) – and exacerbate exist... Read more on the link below https://lnkd.in/gPAG2rs7

BREAKING: US graphite producers are pushing for tariffs of up to 920% on Chinese imports. With China controlling 92% of battery-grade graphite, this move could reshape the EV battery industry and accelerate domestic production efforts. https://lnkd.in/e2mbjg6f

U.S. and Canadian graphite producers are making a bold push for tariffs of up to 920% on Chinese graphite imports, arguing that unfair trade practices threaten the EV battery supply chain. As China dominates 65% of global graphite production and 97% of synthetic graphite, North American firms struggle to compete, with prices significantly higher due to labor and regulatory costs. This petition is more than a trade issue; it's about national security and reducing reliance on a single source for critical minerals essential for green energy. However, while some see these tariffs as necessary for leveling the playing field, others warn of supply chain disruptions and increased costs for consumers. As we navigate this pivotal moment, will North America finally bolster its domestic production, or will the push-back from the global market shape a different outcome altogether? The race for a resilient EV supply chain has just begun.

US graphite producers are seeking tariffs of up to 920% on Chinese graphite imports, aiming to curb state-subsidised competition. As a future Australian graphite supplier, IG6 is positioned to benefit from this potential market shift, with global manufacturers increasingly looking for secure, non-China-based sources. Why It Matters: 🔋Cost Impact: Graphite accounts for 10% of EV battery costs. A 900% price hike could double battery prices. 🔋Supply Chain Shift: The US currently imports most graphite from China, making new suppliers essential. With growing EV demand, stable and sustainable graphite supplies are more critical than ever. #IG6 #Graphite #EVBatteries #SupplyChain #USChinaTrade #CriticalMinerals #InternationalGraphite

US graphite producers want a whopping 920% tariff applied to imports of the mineral from China. That would hurt Tesla & other EV/battery makers who have lobbied against tariffs on Chinese graphite. Via Bloomberg News and the North American Graphite Alliance.

The Biden administration announced new tariff increases on Chinese imports, targeting critical solar energy components and strategic products. Solar wafers and polysilicon will now face a 50% tariff rate, while tungsten products will be subject to a 25% tariff starting January 1, 2025. These tariff hikes build on previous increases from September, which included 100% tariffs on electric vehicles and 50% tariffs on semiconductors. The move aims to counter China's trade practices and support domestic manufacturing, with U.S. Trade Representative Katherine Tai emphasizing the goal of promoting a clean energy economy and strengthening critical supply chains. https://lnkd.in/gaHKZ7zq

This raises the cost of solar power to consumers and decreases the chances of increased solar power adoption. #Tariffs #SolarPower #USA #DumbIdeas "The Biden administration will increase Section 301 tariffs on imports of wafers, polysilicon and certain tungsten products from China, the Office of the U.S. Trade Representative announced Wednesday. Solar wafers and polysilicon imports, critical components for solar energy development, will now face a 50% tariff rate. Tungsten products, such as bars and sheets, will be subject to a 25% tariff rate. The hikes will take effect Jan. 1. “The tariff increases announced today will further blunt the harmful policies and practices by the People’s Republic of China,” USTR Katherine Tai said in a statement. “These actions will complement the domestic investments made under the Biden-Harris Administration to promote a clean energy economy, while increasing the resilience of critical supply chains.” The move builds on tariff hikes finalized by the Biden administration in September that target strategic product categories from China, including a 100% tariff on electric vehicles and a 50% tariff on semiconductors. The USTR opened a 30-day public comment period following Biden’s tariff hike finalization in September. The solar industry supported Biden’s tariffs on polysilicon and wafers, but sentiment towards duties on tungsten was more mixed. More tariffs are likely to follow in the months ahead, as President-elect Donald Trump has consistently voiced his desire to implement heavy tariffs on China-made goods, as well as on imports from Canada and Mexico."