The United States significantly reduces tariffs on lithium batteries from China, the lithium battery industry is optimistic about exporting to the United States.

On May 12th, China and the United States issued a joint statement at the Geneva Economic and Trade Talks, announcing a general reduction in U.S. tariffs on China. The lithium battery industry may see a turning point in exports to the United States. According to the statement, current U.S. tariffs on automotive lithium batteries from China have been reduced to 58.4%, and tariffs on non-automotive lithium batteries have decreased to around 41%. "Lower than expected, this is a major positive development," several lithium battery industry insiders told Caixin. U.S. lithium battery products themselves are subject to a 3.4% basic tariff. In August 2024, the United States imposed an additional 25% tariff on Chinese automotive lithium batteries. Prior to the announcement of the joint statement, the cumulative import tariffs on Chinese automotive lithium batteries were as high as 173.4% and non-automotive lithium batteries were around 156% based on the 145% tariffs on China announced by the White House on April 10th.