Reported about 9 hours ago
The U.S. Commerce Department has announced a preliminary anti-dumping tariff of 93.5% on Chinese imports of graphite, a critical component for batteries, citing unfair subsidies. This tariff, combined with existing rates, raises the effective rate to 160%, creating significant challenges for battery manufacturers reliant on Chinese graphite. The decision is expected to strain the electric vehicle supply chain and has drawn concerns from major companies including Tesla and Panasonic, which emphasize the inadequacy of domestic production to meet their quality and volume needs.
Source: YAHOO