Technical FAQs 4

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.

What is the tariff on lithium ion battery imports?

As there is also a 3.4% general tariff on lithium-ion battery imports, the full tariff paid by importers will go from 10.9% to 28.4%. Lithium-ion battery modules, packs, and container blocks are generally categorized under the import code 8507.6020 if they are used for non-EV applications.

How will the Section 301 tariffs affect battery energy storage?

On May 14, 2024, U.S. President Biden and U.S. Trade Representative Katherine Tai announced changes to the Section 301 tariffs on Chinese products. The tariffs affect a range of clean energy imports including EVs, solar PV, battery energy storage, and inputs for these. This briefing focuses on the tariffs affecting battery energy storage.

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.

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Riga solar container battery export tariff

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