Investing.com -- US producers of a critical material used in electric vehicle batteries have launched a trade action seeking substantial tariff increases on Chinese graphite. They argue that Beijing's substantial state subsidies are artificially reducing prices, making it difficult for their businesses to compete.
A trade association representing US graphite producers submitted petitions to two federal agencies after business hours on Tuesday. The petitions request investigations into potential violations of anti-dumping laws by Chinese companies, according to documents viewed by Bloomberg News.
The industry group is aiming to trigger punitive tariffs of up to 920% on Chinese graphite in retaliation. This move marks an early sign of potential high-stakes disputes among strategic industries as Donald Trump assumes the presidency with a promise of significantly higher import duties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.