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“That could create opportunities if retailers are nimble to pickup this cheaper stock, but also risk of more low price competition,” Tim Black, economist at Frontier Economics, said.
A study by Frontier Economics states that the capacity of utility-scale BESS can generate €12 billion ($13.6 billion) in added economic value.
According to a report released by Frontier Economics in February, a blanket 20% tariff on EU goods would cost the EU $209 billion. Services exports were expected to increase slightly.