Lithium battery energy storage container export tariff

Altogether, the full tariff paid by importers will increase from 10.9% to 28.4%. Lithium-ion battery modules, packs, and container blocks are generally categorized under import code 8507.6020, and it said the tariff change will likely apply to imports under this code.

Tariffs on battery parts and lithium-ion batteries for EVs will increase to 25 percent from 7.5 percent this year. A similar increase for non-EV lithium batteries will go into effect in.

Chinese li-ion battery exports and US decarbonization objectives. China’s global lithium-ion battery exports reached $65 billion in 2023, up nearly 400 percent from pre-COVID levels in 2019. More than half of these 2023 exports were shipped to the European Union and the United States-Mexico-Canada (USMCA) free trade zone.

The tariff rate on lithium-ion EV batteries will increase from 7.5%% to 25% in 2024, while the tariff rate on lithium-ion non-EV batteries will increase from 7.5% to 25% in 2026.

EV applications from 7.5% to 25%, effective in 2026. As there is also a 3.4% general tariff on lithium-ion battery imports, the full tariff paid by importers will go from 10.9% to 28.4%. Lithium-ion battery modules, packs, and container blocks are generally categorized under the import code 8507.6020 if they are used for non-EV applications.

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6 FAQs about [Lithium battery energy storage container export tariff]

What are China's new tariffs on lithium-ion batteries?

On May 14, 2024, the Biden Administration announced changes to section 301 tariffs on Chinese products. For energy storage, Chinese lithium-ion batteries for non-EV applications from 7.5% to 25%, more than tripling the tariff rate. This increase goes into effect in 2026. There is also a general 3.4% tariff applied lithium-ion battery imports.

What is the tariff rate on lithium ion batteries?

In a Fact Sheet issued by the White House today (14 May), the Administration said it would increase the tariff rate on lithium-ion batteries for electric vehicles (EVs) from 7.5% to 25% in 2024, and the tariff rate for non-EV lithium-ion batteries from 7.5% to 25% in 2026.

What is the import code for lithium-ion batteries?

Lithium-ion battery modules, packs, and container blocks are generally categorized under import code 8507.6020, and it said the tariff change will likely apply to imports under this code. CEA said further clarity is needed for the correct import code for lithium-ion cells.

Does the US import lithium ion batteries from China?

With the local content requirements under the IRA and the latest tariff hikes, the US has dealt a double blow to lithium-ion battery imports from mainland China, but it still relies on mainland China directly and indirectly for a range of minerals, including cobalt, graphite and lithium.

Do China import Li-ion storage batteries?

China exported $10.8 billion of Li-ion storage batteries to the United States in 2023, accounting for 72 percent of all US imports of the product. Chinese imports are particularly important in the storage market. These li-ion storage batteries are useful for decarbonizing the US power sector and complementing solar generation.

Are lithium-ion batteries a good investment?

On one hand, lithium-ion (li-ion) batteries, including those made in China, the world’s largest li-ion manufacturer, are useful for decarbonizing the US grid, improving the economics of solar deployment, and providing a key input for electric vehicles.

Lithium battery energy storage container export tariff