Trump puts 15% tariff on polysilicon used in solar panels and chips

Trump puts 15% tariff on polysilicon used in solar panels and chips  euractiv.com

Solar stocks rose in premarket trading President Donald Trump announced fresh import restrictions on polysilicon products.

US President Donald Trump on Thursday signed a proclamation to impose a 15 percent tariff on polysilicon derivative products, a move intended to protect America's polysilicon manufacturing, which is crucial for semiconductor and solar panel production. The latest trade action will take effect at 12:01 a.m. on Dec. 4, t

Trump administration officials are considering a months-long delay in collecting planned tariffs on solar panels and other items containing polysilicon — a phase-in period that could encourage a rush of imports by renewable-energy companies working on US projects.

The decision, expected to come later this month, aims to protect U.S. polysilicon factories from growing Chinese ambitions in the chip supply chain.

EXCLUSIVE: US weighs polysilicon price floor, tariffs to counter China in solar and chips  Reuters