US energy company Enphase to move production out of China
American energy company Enphase Energy will move battery production from China. This was reported by Bloomberg news agency on February 5.
"We need to produce batteries outside of China, and that's what we will focus on next year," said the company's CEO Badri Kotandaraman.
Which country the production will be moved to is yet to be announced.
As reported by the agency, the reason for such measures was the introduction by U.S. President Donald Trump of a 10% trade duty on any imports from China.
Earlier, on February 4, new duties on imports from China came into force in the United States. The size of the tax is 10%. In response, China informed that it is imposing duties of 15% on coal and liquefied natural gas (LNG) from the US starting February 10. Also subject to tariffs of 10% will be U.S. crude oil, multi-liter vehicles, pickup trucks and farm machinery
As the U.S. president pointed out on Feb. 1, there is nothing China, Canada and Mexico can do at this point to prevent the impending imposition of duties. He said Canada is responsible for significant amounts of drug smuggling into the United States.
On the same day, Chinese economist Andrew Leung told Izvestia that the tariffs that Trump is imposing on imports from China and Mexico will lead to higher consumer prices in the United States itself.
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