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US Set to Impose 93.5% Tariff on Battery Material From China

From finance.yahoo.com

The US Commerce Department will impose preliminary anti-dumping duties of 93.5% on imports of Chinese graphite, a key battery component, after concluding the materials had been unfairly subsidized. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating anti-dumping laws. The new duties will add to existing rates making the effective tariff 160%, according to the American Active Anode Material Producers, the trade group that filed the complaint. The anti-dumping duty on graphite is set to ... (full story)

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  • Category: Fundamental Analysis