4 FAQs about Doing foreign trade in home 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.
Will US tariffs affect energy storage?
There have also been indications that the US administration may consider other tariff proposals impacting energy storage, such as a 10–20% universal tariff, tariffs of up to 60% across the board on Chinese-origin goods, and tariffs of 25% on Mexican and Canadian origin goods.
How did foreign investment affect the oil industry?
Cross-border investments in the late 19th century forged the global oil industry as money and know-how flowed from the United States and Europe to Baku (present-day Azerbaijan) and Sumatra (modern-day Indonesia), followed by investment around the globe in the 20th century. 1 Similarly, foreign investments shaped mineral-rich economies.
How can foreign direct investment help a country's competitiveness?
Similarly, economies drawing substantial power generation investments, such as Brazil or Morocco, could experience downstream competitiveness gains through cheaper and more reliable energy supplies. Foreign direct investment has a long history of identifying, nurturing, and propelling leading-edge industries.