Beginning July 18, 2025, the U.S. Will impose a 93.5% tariff on battery materials imported from China to protect local producers against unfair trade practices. This tariff is expected to increase battery cell costs by approximately $7 per kilowatt-hour.
Following the announcement, Tesla’s shares declined by 1.4%. The tariff is anticipated to impact the electric vehicle sector significantly, as the U.S. Department of Commerce underscores the need to stabilize competition among manufacturers.
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