Lithium Battery News on March 28: Multiple Countries Respond to Trump's Tariff Hike on Cars | Faraday Raises Selling Price of Some Cars in the US

【Trump Announces Tariff Hike on Imported Cars, Foreign Ministry: US Action Violates WTO Rules】Foreign Ministry Spokesperson Guo Jiakun presided over the regular press conference on March 27. A reporter from RIA Novosti asked how US President Trump's announcement of a 25% tariff on all imported cars would affect China-US cooperation. "We have noted that the US's major trading partners have responded one after another," Guo Jiakun said. Trade wars and tariff wars have no winners, and no country's development and prosperity are achieved by imposing tariffs. The US's actions violate WTO rules, undermine the rules-based multilateral trading system and the common interests of people of all countries, and are not conducive to solving its own problems.

【US Auto Tariff Hike Imminent, Mexico Says It Is Formulating Measures to Fully Respond After April 2】Mexican President Sheinbaum announced on March 27 local time that Mexico is formulating a comprehensive auto tariff response measure and will fully respond to the US auto tariffs after April 2. Sheinbaum said that there should be no tariffs in the USMCA, and there should be no tariffs in free trade agreements, which is the spirit of the treaty. The Mexican government will always protect Mexico from US tariffs, and the door to talks with the US is always open. Meanwhile, Mexican Minister of Economy Ebrard responded that negotiations are currently underway with the US Department of Commerce to protect the import of Mexican-made auto parts. Mexico will report on the supplementary agreements in the steel and auto industries on April 2. Despite the US's 25% tariff hike, Mexico's auto exports will not be severely affected.

【To Cope with Tariff Impact, Ferrari Plans to Raise Prices of Some Cars in the US Market by Up to 10%】Ferrari plans to raise the prices of some cars sold in the US market by up to 10% in response to US President Donald Trump's latest auto tariffs.》Click for details

【Canadian Prime Minister Carney: Response to US Tariffs to Be Announced Next Week】Canadian Prime Minister Mark Carney said that Canada will fight back against US President Trump's trade war and tariffs on the auto industry, but he did not elaborate on new measures to retaliate against the US on Thursday. After an emergency meeting with a cabinet group focused on Canada-US relations, Carney told reporters in Ottawa that the Canadian government will respond based on the US government's actions on April 2.

【Ontario Premier: US Will Grant Full or Partial Auto Tariff Exemptions to Canada】Ontario Premier Doug Ford said on March 27 local time that US Secretary of Commerce Howard Lutnick told him that Canadian cars produced with a majority of US parts will be exempt from tariffs. Ontario Premier Doug Ford said he had a 25-minute phone call with US Secretary of Commerce Howard Lutnick late on March 26. Lutnick told him that vehicles entering the US from Canada with more than 50% US-made parts (including most of Canada's auto exports) will be exempt from US tariffs. Cars assembled in Canada with less than 50% US parts will face a 12.5% tariff.

【Tianqi Lithium: Successfully Developed Battery-Grade Lithium Sulfide Micro Powder New Product】Tianqi Lithium stated at the 2024 performance briefing that the company has successfully completed the industrialisation preparation of lithium sulfide, a core raw material for the next generation of solid-state batteries, and successfully developed a battery-grade lithium sulfide micro powder new product. The company has completed the development and verification of the industrialisation process and equipment for lithium sulfide and has formed a complete industrialisation data package. The continued advancement of the lithium sulfide industrialisation process package project will help the company promote the solution to the bottleneck of key raw materials for all-solid-state batteries in the future and boost the development of the all-solid-state battery industry chain.