The White House imposed a 15% tariff and a series of minimum import prices on polysilicon products on Thursday, shielding domestic makers of the solar and semiconductor material from Chinese competition. The measures take effect December 4 and set floor prices ranging from $21 per kilogram for raw polysilicon to $0.38 per watt for finished solar panels.
President Donald Trump signed a proclamation on Thursday imposing a 15% tariff and a series of price floors on products made from polysilicon, the raw material used in semiconductors and solar panels. The proclamation, issued under Section 232 of the Trade Expansion Act of 1962, is aimed at protecting domestic polysilicon makers from Chinese competition.
Polysilicon, an ultra-pure form of silicon, sits at the start of the semiconductor and solar manufacturing supply chains. Manufacturers turn silicon wafers into solar cells, then assemble those cells into the panels used in solar projects.
According to a White House document, the president set minimum import prices of $21 per kilogram for polysilicon, $100 per kilogram for polysilicon ingots and wafers, $0.22 per watt for solar cells and $0.38 per watt for solar modules, or panels.
The trade protections will take effect on December 4, the White House said. The proclamation also authorizes the Commerce Department to create an incentive program for companies that invest in factories to produce polysilicon or derivative products.
Source: Investing.com
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