Trump’s 93.5% Tariff on Chinese Graphite Could Inflate US EV Production Costs
July 23rd, 2025 2:05 PM
By: Newsworthy Staff
The Trump administration's new 93.5% tariff on Chinese graphite imports may significantly increase electric vehicle production costs in the U.S., impacting automakers reliant on this crucial battery material.
The Trump administration has imposed a 93.5% tariff on graphite imports from China, a critical component in electric vehicle (EV) battery production, potentially raising costs for U.S. automakers. This move could have significant implications for the EV industry, which depends heavily on Chinese graphite. Companies like Mullen Automotive Inc. (NASDAQ: MULN) are among those that may face increased production expenses as a result of this policy. For further details on Mullen Automotive Inc., visit their newsroom at https://ibn.fm/MULN.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
