What Trump's tariffs mean for US battery storage industry

Analysts see negative impacts across the board, but EV and battery energy storage industries seem particularly vulnerable to US President Donald Trump's sweeping tariffs. From ESS News In one of the biggest shakeups in global trade in history, President Donald Trump has declared sweeping levies on US trading partners around the world. The new US import tariffs, including a 10% baseline on all goods and higher rates for key trading partners, such as China, Malaysia, and Vietnam, are expected to have a significant impact on the US battery energy storage industry. In addition to the universal 10%, ...

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