The U.S. International Trade Commission has concluded that SK Innovation Co., Ltd. violated section 337 of the Tariff Act of 1930 by improperly handling lithium ion battery trade secrets from LG Chem, Ltd. As a result, a limited exclusion order has been put in place, stopping certain lithium ion battery products from being imported, alongside cease and desist orders against the respondents. However, the orders allow SK to import certain necessary components for domestic battery production for Ford and Volkswagen for a limited time, and for specific Kia vehicles' replacement parts. This decision has been approved and filed with the President and the United States Trade Representative.
Simple Explanation
The U.S. International Trade Commission found that a company broke rules by using another company's secrets about batteries, so they told them to stop bringing certain battery parts into the U.S., but they can still bring in some parts needed for making batteries for cars like Fords and Volkswagens for a short time.