The final order from the U.S. Trade Representative includes an interim tariff rate of 10% set to start on September 24.
The lithium supplier is banking on both its substantial history and new developments in the rapidly growing the electric vehicle market.
China has officially filed two complaints with the World Trade Organisation (WTO) against the United States, in response to its 30% Section 201 and 25% Section 301 tariffs.
China’s Ministry of Commerce is arguing that the 30% import duties on solar products from China and other nations do not comply with WTO rules. The Chinese government added that its solar industry could be seriously damaged.
While the tariffs make importing solar from China even more impractical, they are unlikely to have a significant impact on trade flows or the U.S. market.
Several inverter makers could be hit by the Trump Administration’s move to increase tariffs on imports including inverters from China, but many are already shifting manufacturing to other locations.
U.S. President Donald Trump has asked trade officials to consider increasing import duties from 10% to 25% on a list of products from China including inverters, AC modules and non-lithium batteries.
The company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.
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