President-elect Trump's proposed tariffs of 60% to 100% on Chinese goods, including batteries, threaten to significantly increase costs for U.S. cleantech projects, potentially adding billions to consumer prices and slowing the clean energy transition. While tariffs may encourage domestic manufacturing, they could also lead to higher inflation and retaliatory measures from other nations, complicating the economic landscape. The U.S. already imports a substantial amount of lithium-ion batteries from China, and these tariffs would drastically raise expenses, impacting the affordability of electric vehicles and renewable energy systems.
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