What does the 90-day reduction in US-China tariffs mean for the BESS industry? We hear from industry analysts while also discussing the topic with CATL and fellow China-based battery OEM Rept Battero.
The US and China have announced a 90 day ‘pause’ on their huge reciprocal tariffs while they continue negotiations, with the effective tariff on BESS more than halving to around 60%.
Uncertainty over trade tariffs has caused Fluence to lower its revenue and EBITDA guidance, although CEO Julian Nebreda said the company is “optimistic about the future of energy storage.”
