Trump Administration To Impose 93.5% Tariffs On Key Battery Material Imports From China: Report

Pile,Of,Lithium-rich,Salt,Material,From,Deposits,For,Li-ion,Battery

The Trump administration will impose 93.5% tariffs on imports of Chinese Graphite, a crucial element in the production of Lithium-ion batteries, which could have wide-scale implications.

What Happened: The U.S. Commerce Department will impose the anti-dumping tariffs after it concluded that the material was "unfairly subsidized", Bloomberg reported on Thursday.