Climate Changed
Trump's Steel Tariffs May Take a Swipe at Battery-Storage Market
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The burgeoning battery-storage industry may become the latest to feel the sting of President Donald Trump’s tariffs on steel and aluminum.
Prices for lithium-ion battery packs dropped 24 percent last year as it became cheaper to make them, according to data from Bloomberg New Energy Finance. But steel tariffs threaten to increase battery-installation costs by as much as 3 percent. (The batteries typically are protected with structures made of metal.)