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How Trump’s Tariffs Could Hobble a U.S. Battery Boom

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How Trump’s Tariffs Could Hobble a U.S. Battery Boom

The sweeping tariffs that President Trump announced on Wednesday could hobble the use of giant batteries that energy companies are increasingly installing to help them tap more wind and solar power and make the broader electric grid more reliable.

Over the past five years, grid batteries have become one of the biggest growth industries in the U.S. energy sector. In states like Texas and Arizona, companies have been installing stacks of lithium-ion cells the size of shipping containers. They can soak up excess wind and solar energy and save it for when it’s needed. In California, the use of batteries to store solar power for the evening hours has helped utilities reduce the amount of natural gas that is burned.

Yet the majority of America’s lithium-ion batteries are still imported, and 69 percent of those imports came from China in 2024, according to BloombergNEF. Mr. Trump’s latest round of tariffs, when combined with earlier trade moves, will impose a 64.5 percent tax on grid batteries from China, and that rate would rise to 82 percent next year.

“This will throttle U.S. energy storage deployment,” Jason Burwen, vice president of policy and strategy at the battery developer GridStor, wrote in a social media post. “Bad for business, bad for grid reliability.”

Energy companies were expected to install a record 18,200 megawatts of grid battery capacity this year, enough to store the entire output from 18 large nuclear reactors for a few hours, according to the U.S. Energy Information Administration. Together, batteries, wind and solar power were expected to make up 93 percent of capacity added to the grid.

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Those batteries help address renewable energy’s biggest weakness: the fact that the wind and sun aren’t always available. In states that rely heavily on solar power like California and Texas, a boom in battery installations has helped reduce the risk of blackouts during the hot summer months by working together with gas plants to provide power when demand spikes.

But batteries aren’t just useful for adding more renewables: Utilities also use them to smooth out small disruptions in the flow of electricity, say, if a power plant unexpectedly tripped offline. Or, they can be used to reduce congestion on transmission lines.

Companies have largely been installing grid batteries because the price of lithium-ion technology has plummeted (the batteries are similar to those found in electric cars). Tariffs could reverse that trend.

“Batteries are the only major clean tech sector where imports still overwhelmingly come from China,” said Antoine Vagneur-Jones, head of trade and supply chains at BloombergNEF. “So the impacts of these tariffs are going to be a lot bigger for batteries than they are for other technologies.”

In recent years, the United States has started to build up a domestic battery supply chain. After the 2022 Inflation Reduction Act passed, the Biden administration poured billions of dollars into new battery factories and offered tax credits for both domestic manufacturers and the use of batteries in both grids and electric vehicles.

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But many of those factories face an uncertain future now that President Trump and Republicans in Congress are looking to roll back a variety of clean energy policies.

Teasing out the precise effects of tariffs on the energy mix is complicated, Mr. Vagneur-Jones said. Right now, batteries often compete with natural gas plants as a technology to fill in the gaps left by fluctuating wind and solar power.

But it won’t always be so easy for many power companies to increase their use of gas: There is a lengthy global backlog for new gas turbines, and a company trying to build a new gas plant from scratch today may have to wait until 2030 or beyond. The oil and gas industry is also being hurt by new tariffs on steel and aluminum, which can affect everything from the steel pipe used to line new gas wells to power transformers.

“It’s always tempting to say these tariffs are good for fossil fuels, bad for clean energy,” Mr. Vagneur-Jones said. “But I think it’s just bad for everyone.”

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Citigroup to announce new profit targets at investor day, CEO says

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Citigroup to announce new profit targets at investor day, CEO says
Citigroup will unveil medium-term profitability targets at its investor day on Thursday, highlighting improvements in ​expenses and revenue from its multi-year overhaul, while betting on artificial intelligence to drive growth in its wealth business, CEO Jane Fraser said in an ‌interview.
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IDF claims to have taken out Hamas commander who participated in Oct 7

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IDF claims to have taken out Hamas commander who participated in Oct 7

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The Israel Defense Forces (IDF) said it eliminated Hamas Commander Anas Muhammad Ibrahim Hamed, who infiltrated Israel and participated in the Oct. 7 Nova Music Festival Massacre.

Hamed was killed during a targeted Monday strike in Gaza, the IDF announced Tuesday.

“The IDF struck yesterday in the center of the Gaza Strip and eliminated Ans Muhammad Ibrahim Hamed, Nukhba commander in the Hamas terror organization, who raided the territory of the State of Israel and the Nova festival during the murderous massacre on October 7,” the IDF wrote in a Tuesday morning post on X.

The IDF called Hamed an “immediate threat to IDF forces operating in the Gaza Strip,” and said he was “eliminated in a precise airstrike.”

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ISRAEL ANNOUNCES IT KILLED ONE OF THE ARCHITECTS OF THE OCT. 7 ATTACKS

A poster of Hamas Nukhba Commander Anas Muhammad Ibrahim Hamed, who the Israel Defense Forces claim to have eliminated, Monday, May 4, 2026. (Israel Defense Forces)

The IDF said it has forces “deployed in the area in accordance with the agreement and will continue to operate to remove any immediate threat.”

Nukhba, which is Arabic for elite, is the special forces for the Al-Qassam Brigades, which is Hamas’ military wing.

Both units were instrumental in the Oct. 7 massacre. The Al-Qassam Brigades planned and executed the attack, according to the IDF and the Counter Extremism Project. Of the 6,000 terrorists who invaded Israel during the attack, more than 3,800 were Nukhba fighters, the IDF stated in an August 2024 assessment.

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The Oct. 7 attack resulted in the deaths of more than 1,300 Israelis and prompted a sprawling Israeli military campaign in Gaza. During this campaign, the IDF eliminated two commanders of the al-Qassam Brigades and numerous other members of the group’s military leadership.

ISRAELI MILITARY OPERATION IN GAZA EXPANDING TO SEIZE ‘LARGE AREAS’: ‘EXPANDING TO CRUSH AND CLEAN THE AREA’

Palestinian Hamas fighters of the al-Qassam Brigades participate in a military parade near the border in the central Gaza Strip on July 19, 2023, marking the anniversary of the 2014 war with Israel. (Mahmud Hams/AFP)

A July 2024 targeted strike killed then-al-Qassam Brigades Commander Mohammed Deif. In May 2025, another airstrike killed his replacement, Mohammad Sinwar.

The latest Israeli strike in Gaza comes just under seven months after Israel and Hamas agreed to a ceasefire brokered by President Donald Trump in October. The IDF accused Hamas of violating the ceasefire in February by using ambulances to transport terrorists and weapons around the Gaza Strip.

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Hamas has also accused Israel of violating the ceasefire with daily airstrikes.

HAMAS TERRORISTS USE AMBULANCES, SCHOOLS, HOSPITALS IN VIOLATION OF US-BROKERED CEASEFIRE, IDF OFFICIAL SAYS

Fox News’ Trey Yingst asked Secretary of State Marco Rubio last week if Hamas’ refusal to put down its weapons would prompt the Trump administration to support Israel resuming combat operations in Gaza.

War Secretary Pete Hegseth and Secretary of State Marco Rubio wait as President Donald Trump prepares to address the Knesset in Jerusalem on Oct. 13, 2025. Trump visited Israel hours after Hamas released some Israeli hostages as part of a U.S.-brokered ceasefire deal in the Gaza conflict. (Chip Somodevilla/Getty Images)

“Let’s hope we can avoid that. That’s not the outcome we want,” Rubio told Yingst. “The outcome we want is for Hamas to be demilitarized, and a Palestinian security force backed by an international security force is able to secure Gaza.   

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Fox News Digital reached out to the IDF and the White House for comment but did not immediately receive a response.

Fox News’ Yonat Friling contributed to this report.

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Ukraine strikes Russian army facility 1,000km into Moscow’s territory

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Ukraine strikes Russian army facility 1,000km into Moscow’s territory

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Ukraine struck a critically important military-industrial complex in Russia on Tuesday, just days before the Kremlin’s Victory Day parade on 9 May.

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Ukrainian President Volodymyr Zelenskyy published a video of launches of domestically-made Flamingo cruise missiles, which he said covered a distance of more than 1,500km to strike a facility in Cheboksary in the Russian Federation’s Chuvash Republic.

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The facility in question is a Russian state institute that produces components for high-precision weapons used by Moscow to attack Ukraine.

“The struck military production facility manufactured relay protection systems, automation equipment, and low-voltage apparatus,” Zelenskyy wrote.

“Russia must end its war and move to real diplomacy. We have made our proposal.”

Zelenskyy announced on Monday that Ukraine is declaring a ceasefire beginning at midnight on Wednesday. The proposal came in response to Russia’s unilateral declaration of a ceasefire for its Victory Day parade.

“We believe that human life is far more valuable than any anniversary ‘celebration’,” Zelenskyy said, referring to Russia’s upcoming 9 May commemorations.

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He warned that the timeframe of the proposed truce at midnight on the night of 5–6 May would be enough to test whether a genuine pause in fighting could be respected.

“We will act reciprocally starting from that moment,” Zelenskyy said.

“It is time for Russian leaders to take real steps to end their war, especially since Russia’s defence ministry believes it cannot hold a parade in Moscow without Ukraine’s goodwill.”

Victory Day blackout

Russia has reportedly started cutting off mobile internet services to many users starting from Tuesday.

Russian banks, including the country’s largest, Sberbank, also cautioned that there could be issues with mobile internet and cash withdrawals.

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This year the parade in Moscow will also be significantly scaled back, according to the Kremlin.

It would not feature military vehicles or cadets due to what the Kremlin described as “current operational situation”.

“All measures are being taken to minimise the danger,” Putin’s spokesperson Dmitry Peskov said earlier as he referred to what Moscow called a “terrorist threat” from Ukraine.

The fact that the parade is scaled down is seen as an important indicator of the situation in Russia’s military and of personnel and equipment shortages.

The US-based Institute for the Study of War (ISW) think tank assessed that in April, Russian forces lost territory they occupied in Ukraine for the first time in over a year and a half.

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The ISW said it has evidence that Moscow lost control of 116 square kilometres over the course of last month.

The think tank explained that the Russian rate of advance across the battlefield has been steadily declining since November 2025,” as continued Ukrainian ground counterattacks and mid-range strikes, the February block on Russia’s use of Starlink terminals in Ukraine, and the Kremlin’s throttling of Telegram have exacerbated existing problems within the Russian military.

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