Trump’s 93.5% Tariff on Chinese Graphite Could Inflate US EV Production Costs
The Trump administration has introduced a major tariff that could make it more expensive to build electric vehicles (EVs) in the United States. A 93.5% tariff has been placed on graphite imports from China, a raw material that is vital for making EV batteries. This decision could lead to higher costs for American automakers, especially as they rely heavily on Chinese graphite. The reason for this move, according to the U.S. Commerce Department, is that China has been "dumping" graphite into the U.S. market. This means selling it at prices lower than the market value, making it hard for local…