From the first moment of US President Donald Trump’s arrival at the Oval Office in its second period, talking about a set of new tax tariffs that affect all imports to American territory began in the Shawa campaign was the most affected technical sector.
Although the main reason behind these taxes was the encouragement of the American local industry and the forcing American companies to manufacture their products within the borders of the state, this step caused different reactions, most of which was the suspension of some companies for their operations or the increase in products prices in proportion to new taxes, and with this increase several sectors were directly affected by new taxes.
But the new Trump taxes did not take into account one of the most important emerging sectors that American companies are trying to make their way, which is the batteries industry, in which companies operating in the new tax decision that brought them back several steps were surprised, after they were ready to stand on their feet.
A dose leads to death
Speaking to the New York Times, Tritistan Dahiri, the chief product official in the American Energy Storage Unit of LG Energy Solutions VERTECH, compared taxes and concentrated drug doses, and said that when the doses of the drug become closer to the deadly poison.
He explained that the period in which taxes rose and reached 150% on Chinese products, caused the import of the necessary components for batteries, and then the demand increased with the lack of supply, which caused the high prices of batteries.
In addition to the taxes imposed on importing the components of batteries, the batteries manufacturers face another legal crisis attended by the Senate, as the Republicans passed a budget law undermining the arrival of companies operating in this sector to the necessary support and tax discounts that they were benefiting from during the past years, which greatly reduces the profits of these companies.
For his part, analyst Antoine Wagnor Jones of Bloomberg NF – in his conversation with the New York Times – said that this law would eliminate the entire American batteries industry, as it loses a large part of the profitability it enjoys.
Exclusive tray components
American companies, such as “Ferretic”, LG Energy Solichns “, began expanding the battery industry for large energy storage, and this means more than just usual lithium batteries in mobile phones.
These companies depend on iron and phosphate specifically in a component known as “LFP”, along with nickel and cobalt to make electric car batteries, and China is the only supplier in the world for “LFP” vehicles needed to make these batteries.
Iron and phosphate batteries are used to store energy resulting from clean energy factories, whether it is solar energy or wind energy and even water energy, in order to reuse the energy at a time when these factories stop, which is part of the vital cycle of the process of making and storing clean energy.
Therefore, if the storage batteries are absent, this session is shattered greatly and will not benefit it, because you need to consume the energy that you produced without a place for storage, which impedes the state’s policy in switching to clean energy sources.
Fears of companies
After the emergence of the law of the House of Representatives and its taxes, the companies began to be concerned about the new Trump law and the law of the House of Representatives as well, and among these companies was “Tesla” that works in energy storage solutions in addition to electric cars, and said clearly that these fees are greatly harmful to their work.
In the same context, the American company “Fluence Energy” operating in energy solutions and storing them reduced its expectations for its annual profits by 20% from previous years, as well as the company “LG”, which was intending to expand its factories to meet the needs of electric car companies such as “Toyota”, but after this decision, it retracted the expansion in an attempt to produce the components of batteries, through A new expansion in one of its factories costing $ 1.4 billion.
When this expansion ends and production lines become effective with the utmost production capacity, they will be able to meet a quarter of the American needs of batteries and materials involved in their production significantly, but this will not be enough to end the energy crisis that is expected to expand at the time.
My president
The Trump administration decisions appear to be far apart, but they are consistent with Trump’s general trend and advisers who do not believe in clean energy solutions, preferring to rely on usual energy sources, whether it is oil, coal or nuclear energy.
Therefore, the Trump administration avoided the answer categorically about the New York Times questions, whether through the administration’s official spokesperson or through Trump’s energy advisor, who said – in a previous interview with the site – that the batteries, solar energy and wind are also important, so they are points of interest in the government, but they view them with realism.
For his part, one of the Trump administration speakers referred to solar power and wind power factories and battery factories that obtained material support for more than 3 decades, and despite this, it was unable to achieve stability, productivity and effectiveness required of them that she promised, nor was it able to replace other energy sources.
So, despite the presence of Elon Musk – who greatly believes in electric power – in the Trump administration, Trump’s views on clean energy sources overcome the actions of the government that prefer to direct its resources to other sectors.