US sets 15% polysilicon tariff, price floors to challenge China’s dominance

AI Summary

The United States government has imposed a 15% tariff and established price floors on polysilicon imports from China to protect domestic manufacturers. These measures aim to challenge China's dominance in the key materials sector for solar panels and semiconductor production.

The United States has announced new tariffs and price floors on polysilicon and related products, targeting China’s dominance in key materials used in solar panels and semiconductor manufacturing. In a proclamation signed on Thursday, US President Donald Trump imposed a 15 per cent tariff, which will take effect after 120 days, and established a series of price floors to protect domestic manufacturers and curb imports of China-sourced materials. “We’re setting prices so that the Chinese can’t...