The US-China trade war is heating up over graphite, a critical material for EV batteries, with American producers seeking hefty tariffs on Chinese imports, potentially causing a surge in battery costs.
The price of batteries could surge, with some component prices doubling, if the U.S. imposes an additional hefty tariff on U.S. imports of graphite from China that the American battery material makers seek, industry analysts say. Energy storage and EV batteries could see costs in the U.S. more than double with an escalation of the trade wars in critical minerals , per a report by investment bank Roth Capital Partners cited by the South China Morning Post.
, a coalition of American graphite producers, who submitted a petition to the Department of Commerce and International Trade Commission ITC to initiate a trade investigation and impose tariffs as high as 920% on imports of natural and synthetic graphite from China used to make lithium-ion battery anode material. '
is filing this case to help protect the North American graphite industry, which is at risk of being smothered by China's malicious trade practices,' Erik Olson, spokesperson for the U.S. coalition, said. 'Without trade relief from the U.S. government, the domestic graphite industry is in peril,' Olson added.
petitioned for the investigation under the U.S. antidumping and countervailing duty AD/CVD statutes, asking authorities to 'assess additional tariffs equal to the extent of unfair pricing by the Chinese.' The coalition's experts and legal representation have estimated that the appropriate anti-dumping tariffs on graphite from China should be as high as 920%. Tariffs could protect U.S.
Tariffs US-China Trade War Battery Costs Electric Vehicles EV Batteries Critical Minerals Trade Tensions Anti-Dumping Countervailing Duty
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