Asian battery stocks are soaring as the United States announces plans to impose tariffs on Chinese graphite. This development signals significant shifts in the global battery market and raises questions about the future of the energy sector’s supply chain.

Chinese Foreign Minister Wang Yi has called on BRICS nations to resist U.S. tariff pressures, warning that any appeasement would only embolden Washington’s aggressive trade tactics. Speaking at a BRICS meeting, Wang criticized the United States for using tariffs as “bargaining chips” and cautioned that silence or compromise would backfire.

Stocks of major U.S. chipmakers, including Intel and Texas Instruments, are declining as investors react to China’s latest tariffs against the U.S. Concerns over domestic manufacturing footprints are fueling market anxiety amid ongoing trade tensions.