Trump's 93.5% Tariff on Chinese Graphite May Hike US EV Costs
Trump administration imposes a 93.5% tariff on Chinese graphite, potentially raising EV production costs in the U.S. and impacting companies like Mullen Automotive.
This tariff could significantly increase the production costs of electric vehicles in the U.S., making them more expensive for consumers and potentially slowing the adoption of green technology. It also highlights the U.S.'s reliance on foreign materials for clean energy technologies, raising questions about supply chain security and the future of the domestic EV industry.
