Tariffs from the Trump administration have been particularly impactful across the American auto industry, with GM expecting the levies to cost it as much as $5 billion in 2025.

Chinese carmakers, embroiled in a domestic price war, have been seeking lower-cost components and delaying payments to suppliers by months.

Lie Shi, chief executive officer of AM Batteries, explains the many advantages of the dry battery electrode method of manufacturing batteries for electric vehicles.

The combination comes as the commercial vehicle industry faces mounting pressure to adapt as electrification, autonomous driving and emissions compliance reshape global transport.

However, analysts warn that a prolonged trade war could produce lasting macroeconomic impacts on the country.

The April trade report showed imports of consumer goods slumped $33 billion, largely due to a sharp decline in inbound shipments of pharmaceutical preparations.

Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels.

The manufacturing sector has been in contraction for most of the past two years.

With regard to shipping autos, which have faced a 25% U.S. tariff since April 3, Soga said bookings “have not dropped at all.”

The legislative risks mark the latest potential hurdle for a plant Ford announced in 2023 that was originally intended to produce enough batteries for 400,000 EVs.