Core Viewpoint - The recent U.S.-China trade agreement to eliminate 91% of tariffs is expected to positively impact China's new energy storage industry, particularly in the context of battery exports [5][6]. Tariff Adjustments - The U.S. will modify tariffs on Chinese goods, suspending 24% of tariffs for 90 days while retaining a 10% tariff [5]. - China's response includes suspending similar tariffs on U.S. goods, with a focus on maintaining a 10% tariff and canceling additional tariffs [5][6]. - The cumulative tariff on Chinese energy storage batteries has been adjusted to 40.9%, down from previous highs [7][8]. Historical Tariff Context - The cumulative tariffs on energy storage batteries have fluctuated significantly, peaking at 173% before the recent adjustments [8]. - The timeline of tariff changes shows a gradual increase until the recent reduction, highlighting the volatility in trade relations [8]. Short-term Implications - The 90-day buffer period is seen as a temporary advantage for Chinese companies, as the U.S. still relies heavily on Chinese supply chains for energy storage batteries [9]. - The reduction in tariffs may lead to a short-term increase in exports of energy storage products from China to the U.S. [9][10]. - U.S. energy storage developers are under pressure to complete projects before potential future tariff increases, indicating a sense of urgency in the market [9]. Market Dynamics - The current tariff level of 40.9% is considered high but manageable for U.S. energy storage customers, suggesting a potential for increased competitiveness for Chinese exporters [10]. - The 90-day window allows Chinese companies to address inventory and order pressures while preparing for future market conditions [10].

美国关税风暴可能深度影响，甚至严重冲击全球储能江湖。 据24潮产业研究院 (TTIR) 统计，两个交易日 （4月7-8日） ，仅国内储能上市公司总市值蒸发近 4500亿元，降幅达15.92%！ 目前之所以在资本层面产生如此大的冲击与破坏力，与美国在全球储能江湖地位有很大关系。据 中信建投证券统计，2024年美国储能装机需求约40GWh，占比全球装机的20%，对应储能电池要 货80-100GWh。 根据海关总署数据显示，2024年中国向美国出口锂电池153.15亿美元 （约1100亿人民币） ，占 国内锂电池出口总额的25%。另外据CESA储能应用分会产业数据库不完全统计，就中国企业出 海情况来看，2024年中国企业跟美国企业签订储能订单最多，规模最大，达24个，总规模超 65.78GWh，占中国企业全球出海订单规模的33.63%。 很明显，为了实现争夺储能领域的全球话语权与定价权，美国在政策层面正在全力 "封堵" 中国 储能企业，以实现 "将完整的电池供应链带回美国" 的战略目标。 当前美国储能江湖，对中资企业而言即意味着巨大的发展空间与机遇，也预示着激烈的竞争与博 弈风险，而留给企业破局的时间已经非常紧迫了 ...