Cleaner Tech
Trump's Trade War With China Threatens These Key Green Technologies
Batteries and products that rely on rare earths are among the most at-risk if the trade war escalates.
Even with a pause on a hike in US-China tariffs extended to early November, businesses on both sides of the Pacific Ocean are holding their breath. President Donald Trump’s reciprocal tariffs, if imposed, would bleed Chinese exporters. They would also deal a fresh blow to an already troubled US climate tech industry, experts say.
America’s battery installers and developers stand to lose the most, says Antoine Vagneur-Jones, head of trade and supply chains at BloombergNEF. China dominates the export of lithium-ion batteries and battery materials to the US, and supply chains can’t be quickly altered to change that.