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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."

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 Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following a review of Chinese trade practices. https://lnkd.in/dj9anaCc

💵 Trump’s Tariff Plan: A Game-Changer for Global Trade? 🚨 Breaking News: Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, alongside an additional 10% on Chinese goods on his first day in office. For Chinese imports, this is on top of existing levies, potentially reshaping global supply chains. 🚗 While the EV market is showing resilience by adapting to non-Chinese supply chains—evident from the decline in Chinese LFP battery market share from 13% in 2023 to 7% YTD—the energy storage sector tells a different story. 🔋 With LFP batteries dominating 90% of the market share in BESS (Battery Energy Storage Systems), these new tariffs could be a major disruptor. LFP cells currently face a 7.5% tariff, set to rise to 25% in 2026. Under Trump’s proposed policy, tariffs could exceed 40% by 2025 and 60% in 2026, putting immense pressure on storage solutions reliant on Chinese imports. 🏭 The challenge? US-based LFP manufacturing is still in its infancy. Only a few players are set to begin production in 2025, at higher costs and with insufficient volumes to meet surging demand. 🕰️ What’s next for the industry? 1️⃣ Continued reliance on Chinese LFP cells despite skyrocketing costs. 2️⃣ A potential resurgence of nickel-based batteries as an alternative. 3️⃣ A possible slowdown in storage sector demand as costs escalate and uncertainty looms. 📊 What’s your take? Will these tariffs accelerate domestic production or hinder the energy storage sector’s growth? Let’s discuss in the comments! #Tariffs #GlobalTrade #EnergyStorage #LFPBatteries #EVMarket #BatteryManufacturing #TradePolicy

WASHINGTON: The Biden administration has locked in steep tariff hikes on Chinese imports, including a 100 per cent duty on electric vehicles, to boost protections for strategic industries from China’s state-driven industrial practices. The US Trade Representative’s office said that many of the tariffs, including a 100pc duty on Chinese EVs, 50pc on solar cells and 25pc on steel, aluminum, EV batteries and key minerals, would take effect on Sept 27. The USTR determination, published on Friday and first reported by Reuters, showed that a 50pc duty on Chinese semiconductors, now including two new categories — silicon wafers and polysilicon used in solar panels — is due to start in 2025. The action, which marks the end of a more than two-year review of tariffs that had been imposed by former president Donald Trump, mostly left unchanged the top-line duty increases announced in May by President Joe Biden. These include a new 25pc tariff on lithium-ion batteries, minerals and components, with those for EVs taking effect on Sept 27, and those for all other devices on Jan 1, 202

The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% from 25% and duties on certain tungsten products will increase from zero to 25%, effective on Jan. 1, following a review of Chinese trade practices under Section 301 of the 1974 Trade Act. https://lnkd.in/dUk-XqG2

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

🚨 **Biden’s $18 Billion Tariff Bombshell!** 🚨 Get ready for a major shake-up in U.S.-China trade relations. 🚗💥 Electric vehicle duties are set to soar from 25% to a staggering 100%! 📈 But that's not all – tariffs are hitting key sectors like steel, semiconductors, and solar panels. ⚙️🔋 The White House is taking a bold stand on national security and economic stability. 🏛️🇺🇸 Discover how these new tariffs could reshape the market and what it means for the future. 🌐 China has vowed to safeguard its interests – a trade showdown is imminent! ⚔️🇨🇳 Don’t miss the full story! 🔍👇 https://lnkd.in/gEPc988n @karmactive #TradeWar #BidenTariffs #ElectricVehicles #USChina #EconomicPolicy #BreakingNews #GlobalMarket #Karmactive

Big News in the Battery Industry! The Biden Administration has announced a significant increase in tariffs on batteries and battery parts imported from China, from 7.5% to 25%. This move, outlined in a recent White House Fact Sheet, aims to protect American workers and businesses from unfair trade practices. Specifically, the tariff hike affects lithium-ion batteries for #electricvehicles (EVs) and non-EV applications, along with battery parts and key minerals. With China dominating 80-90% of the global lithium-ion battery market, this decision marks a strategic shift to safeguard US interests. The increased tariffs coincide with Biden's Inflation Reduction Act, which supports clean energy industries but faces challenges from cheaper Chinese imports. Notably, non-EV battery tariffs will be implemented two years later, offering BESS manufacturers time to adjust. Despite initial cost challenges, investing in domestic battery manufacturing aligns with long-term sustainability and competitiveness goals. Stay tuned for further developments shaping the future of the battery market! #batteryindustry #tariffhike #cleanenergy #bidenadministration

President #Biden is imposing higher tariffs on $18 billion worth of Chinese imports covering a wide range of products including #EVs, #batteries, semiconductors, steel, aluminum, critical minerals, #solar cells, cranes, and medical supplies. The tariff hikes, set to take effect in around 90 days, aim to counter #China's non-market practices, excessive subsidies, and potential overcapacity in these key industrial sectors. Tariffs on some products like EVs and semiconductors could triple or even quadruple, while new 25-50% duties will be applied to items previously imported duty-free such as certain minerals. The move signals heightened trade tensions with China over its economic and industrial policies.