Well, here''s the thing – the global energy storage market is projected to hit $50 billion by Q4 2025, with cross-border trade accounting for 63% of lithium-ion battery transactions. But why are
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Think renewable energy developers, international traders, policymakers, or even curious investors. These folks want actionable insights—not fluff—about cross-border trade in
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Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and supply chain integrity.
Mitigating tariff risk in battery energy storage system (BESS) projects is crucial for ensuring project financial viability, as tariff changes can significantly affect cost structures and overall project economics.
Storage batteries have been indicated as a priority for border detentions for forced labor evaluation, and we expect to continue to see those goods identified as a concern.
An interesting issue will be the imposition of tariffs. There are existing tariffs pursuant to Section 301 of the Trade Act of 1974 on some Chinese-origin lithium-ion EV batteries and non-lithium-ion battery parts, which were increased to 25% in September 2024.
There have also been indications that the US administration may consider other tariff proposals impacting energy storage, such as a 10–20% universal tariff, tariffs of up to 60% across the board on Chinese-origin goods, and tariffs of 25% on Mexican and Canadian origin goods.
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