Sino-us trade friction to upgrade on lithium electricity industry

Nearly period of time, sino-us trade frictions escalating, many industries in China caused some negative effects, including lithium electricity industry. On August 2, trump on social media announced that will restart to China on September 1, the fourth round of tariffs, imposing a 10% tariff on $300 billion worth of goods, which not only affects the lithium ion battery industry of China, involved in almost all of the products exports to the us.

on May 10th, the United States on China's $200 billion retaliatory tariffs were imposed on imported goods, lithium and lithium battery products mainly include, lithium carbonate, lithium and lithium hydroxide, lithium battery and battery pack. On May 17th, the federal communique released on the listing of China's $300 billion goods tariffs, which obviously among the lithium ion battery products. On June 29th, at the G20 summit, trump said tariffs. On August 2, restart the trump to China for the fourth time tariffs, imposing a 10% tariff on China's $300 billion exports, compared with 25% before the tariff is imposed on reduced.

through the above introduction, China on September 1, lithium ion battery will be imposing a 10% tariff exports to the us. From lithium electricity industry, new energy vehicles, electrochemical energy storage business in the United States is in a stage of vigorous development, the core parts of automobile power lithium ion battery demand is increasing. If really want to get the market in the United States, power battery capacity release have to improve, and China is the manufacture of lithium-ion batteries power, to global lithium electricity industry plays a leading role.

it is understood that at present China is the largest source of imports in the lithium ion battery, in 2018, the United States nearly half of the lithium ion battery imports from China. On the other hand, America's strong demand for lithium batteries, has a strong appeal for Chinese enterprises, at the same time, the United States is also one of China's leading producer of lithium ion battery. If the sino-us trade friction intensified again and again, they are likely to lose each other's market.

overall, domestic exports of lithium ion batteries at present should be slowed.