The U.S. Biden administration announced tariffs on a series of Chinese products, a policy change that has attracted widespread attention in the international market. Lithium-ion batteries, solar cells and electric vehicles as the representative of the "new three export" is also in the list, none of the exemptions.
The tariff on lithium batteries was raised from 7.5% to 25%, and that on photovoltaics from 25% to 50%. Electric cars were even raised from the original 25% tariff to 100%.In the "new three things", the highest degree of association with the United States is lithium battery products. In the first quarter of this year, China's lithium battery exports to the United States accounted for 22% of total exports, the United States has been China's lithium battery exports for four consecutive years as the first major destination. At the same time, the United States of America's dependence on China's lithium is equally high. At present, about 80% of the world's lithium battery production capacity is concentrated in China, while also bringing together the world's top group of battery companies.
Interestingly, among the measures on the "new three kinds", the tariffs on lithium-ion batteries are the least. If the other two types of products to impose high tariffs have "empty cannon" suspicion, then the lithium-ion commodity tariffs is undoubtedly "kill the enemy a thousand, self-loss of 800", the measure or the U.S. local energy storage and electric vehicle manufacturers to bring considerable harm.