Trump’s 145% tariff on Chinese batteries opens door for Korean rivals

South Korean battery manufacturers are set to benefit from the 145 percent tariff imposed by the second Donald Trump administration in the US on Chinese-made goods, including lithium-ion batteries for energy storage systems. This significant tariff hike aims to curb the competitive edge of Chinese batteries, which previously capitalized on lower levies than electric vehicle cells.

Trump’s 145% tariff on Chinese batteries opens door for Korean rivals

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