US to Impose 93.5% Tariff on Graphite From China
21 Articles
21 Articles
Tesla stock crashes after Trump slaps massive tariff on vital battery material
Tesla stock fell on Thursday after an extremely large tariff was imposed on materials used in car batteries. The New York Times reported that the Commerce Department announced that it intends to issue a 93.5% tax on Chinese graphite, which is necessary for creating the batteries in electric vehicles...
US imposes massive 93.5% tariff on Chinese graphite used in EVs
The affected graphite is defined as having a carbon purity of at least 90% by weight. It can be natural, synthetic, or a blend of both. These materials are used specifically in battery anodes, the part of a battery that stores and releases energy.
(Washington = Yonhap News) Correspondent Jo Jun-hyung = The U.S. Department of Commerce has made a preliminary decision to impose a 93.5% anti-dumping tariff on Chinese graphite, which is used as a key battery material...
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