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  [SMM Analysis]The Impact of the U.S. Tariff Adjustments on the New Energy Terminals after the Geneva Talks

  [SMM Analysis]On April 3, 2025, the United States imposed a reciprocal tariff of 125% on China, resulting in the tariff on energy storage battery cells exported from China to the United States reaching as high as 155.9% at one time, which almost brought the direct export of Chinese energy storage battery cells and energy storage systems to the United States to a standstill. This 90-day window period is bound to trigger a rush of exports by Chinese energy storage enterprises. Nevertheless, due to the advantages of Chinese energy storage battery cells in terms of production cost, cell performance, and production capacity and output, even under the tariff policy of 40.9%, the competitiveness of Chinese energy storage battery cells in the US market remains undiminished.

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• [SMM Analysis] Impact of US Tariff Adjustments on China's New Energy Terminals After the "Geneva Talks"

  [SMM Analysis] On April 3, 2025, the US imposed a 125% reciprocal tariff on China, leading to a peak tariff rate of 155.9% on ESS battery cells exported from China to the US. This caused a near halt in the direct export of Chinese ESS battery cells and energy storage systems to the US. The 90-day window period is bound to trigger a surge in rushed exports by Chinese ESS enterprises. Despite this, due to the advantages of Chinese ESS battery cells in terms of production costs, battery cell performance, and capacity and production, their competitiveness in the US market remains strong even under a 40.9% tariff policy.

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