Riga solar container battery export tariff

4 FAQs about [Riga solar container battery export tariff]

Which international trade issues will remain a concern for energy storage projects?

Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and supply chain integrity.

Will US tariffs affect Latvia?

While the U.S. is not a dominant market for Latvian exports, it remains significant, especially considering the crucial role of exports in Latvia’s economy. The direct impact of U.S. tariffs on Latvia would, however, likely remain relatively small.

How does tariff risk affect a battery energy storage system (BESS) project?

Mitigating tariff risk in battery energy storage system (BESS) projects is crucial for ensuring project financial viability, as tariff changes can significantly affect cost structures and overall project economics.

Will China impose tariffs on lithium-ion EV batteries?

An interesting issue will be the imposition of tariffs. There are existing tariffs pursuant to Section 301 of the Trade Act of 1974 on some Chinese-origin lithium-ion EV batteries and non-lithium-ion battery parts, which were increased to 25% in September 2024.

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