US Imposes Tariffs and Price Floors on Polysilicon to Counter Chinese Competition

The White House has announced new trade measures, including price floors and a 15% tariff on polysilicon and its derivatives, to protect domestic semiconductor and solar panel material manufacturers from Chinese competition. This action, taken under Section 232 of the Trade Expansion Act of 1962, aims to secure a reliable domestic supply of this critical material for national security and economic welfare. The trade protections are set to take effect on December 4.