The impact of the US tariff increase

On April 2nd of the US local time, US President Donald Trump declared a national emergency policy to promote America's competitive advantage and protect its sovereignty and economic security. According to the statement, Trump will impose a "baseline tariff" of 10 % on all countries, effective at 0:01 a.m. On April 5. It will also impose higher "reciprocal tariffs" on countries with the largest US trade deficits, which will be implemented at 0:01 am on April 9. Trump showed charts showing tariffs of 20 % for the European Union, 10 % for the United Kingdom, 31 % for Switzerland, 26 % for India, 25 % for South Korea, 24 % for Japan, 36 % for Thailand, 46 % for Vietnam and 49 % for Cambodia.

The tariff adjustment has a significant impact on China's photovoltaic industry. The Office of the United States Trade Representative has notified that tariffs on Chinese-made solar wafers and polysilicon will be increased from 25 % to 50 %. This has greatly increased the export cost to Chinese photovoltaic enterprises: compressed profit margins, weakened the price competitiveness of products in the US market, or caused a decline in market share. Xiamen Topfis New Energy Technology Co., LTD., as a member of China's photovoltaic enterprises, is also facing challenges or orders decreasing and overcapacity.

The energy storage industry is also affected rapidly.Previously, the United States has raised tariffs on Chinese lithium-ion batteries for electric vehicles from 7.5 % to 25 %, and plans to raise tariffs on batteries for energy storage systems from 7.5 % to 25 % in 2026. On March 4, 2025, the United States upgraded the tariff measures again, imposing a second additional 10% tariff on all Chinese goods, including lithium batteries, superimposing a basic tariff of 3.4%, and the final comprehensive tax rate of lithium batteries was as high as 48.4%. High tariffs impact the entry of Chinese energy storage products into the US market, and also inhibit the US demand for Chinese energy storage products, finally affect the development of the industry.

XIAMEN TOPFENCE SOLAR, based in Xiamen of China, is a leading provider of one - stop solar solutions. As an integrated solar solutions group company, we specialize in manufacturing high-quality solar mounting systems like aluminium and stainless steel mounting kits, along with various accessories. Besides those, our product range also includes fence systems, walkways, and cable trays for solar facilities. We're committed to delivering customized solar application solutions for industrial, commercial, and residential sector, and covering all aspects of solar PV installation from design to after sales service. With our advanced manufacturing, industry knowledge, and focus on quality, we aim to contribute to the global shift to clean energy and collaborate with global partners.

In the face of challenges, also ushered in opportunities. As global demand for clean energy grows, companies can increase investment in research and development, improve product technology content and added value, and reduce reliance on price competition. For example,At the same time, actively explore other overseas markets, such as Southeast Asia, the Middle East, Europe, etc., to reduce dependence on the single US market. In the complex international trade situation, we needs to actively respond, seize the opportunity, through technological innovation, market diversification and other strategies, to achieve sustainable development.